May 15,2009
Grassley says SEC needs compliance system to enforce trading rules for employees
Senator Chuck Grassley issued the statement below regarding a new report by the Inspector General for the Securities and Exchange Commission about three attorneys within the SEC violating reporting rules regarding their personal securities transactions.
“SEC attorneys are supposed to spend their time trying to prosecute insider trading, not profit from it. Without a reliable compliance system, the SEC can’t know whether this is an isolated incident or a widespread problem. The SEC needs a better system to deter misconduct and give the public confidence that this sort of thing isn’t a systemic problem.”
###
Next Article Previous Article
Recent News
- Wyden, Senate Democrats Unveil Plans to Lower Health Costs Amid Trump's Broken Promises to Americans
- Wyden, Garcia Investigate Kushner Raising Billions from Middle East Governments While Negotiating U.S. Foreign Policy
- Wyden Sounds Alarm as DAG Blanche Intervenes to Conceal Details of Mystery Epstein Investigation
- Wyden Statement on Bank of America Settlement with Epstein Survivors
- Wyden Urges Support for Taxpayer Assistance and Service Act After New Study Finds Widespread Incompetence and Fraud Among Paid Tax Preparers