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, Grassley, Cardin, Young Raise Alarm Over Dramatic Increase in Pancreata Procurement
- Wyden Statement on Treasury Guidance on CHIPS Act Tax Incentives
- Wyden Announces Hearing with United States Trade Representative Tai
- Wyden Hearing Statement on the Treasury Budget Proposal
- Wyden Cheers Lower Drug Costs for Seniors Due to Inflation Rebate