SEC On Warpath Over Internal Leaks: Report

Law360, New York (June 1, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission is investigating whether several employees improperly disclosed nonpublic information, including to an unnamed investment bank, a semiannual report by the Office of the Inspector General has revealed.

SEC Inspector General David Kotz is leading the investigations, one of which is examining allegations that a top SEC official improperly disclosed information to a large investment bank that was supposed to remain under wraps, according to the report, which was released Monday.

The inspector general began investigating the claim in October 2008...
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