Probe Ties 2 SEC Officers To Fraud Convictions

Law360, New York (June 1, 2010, 7:34 PM EDT) -- A probe by the U.S. Securities and Exchange Commission's Office of the Inspector General has revealed that two unnamed SEC enforcement officers released nonpublic information to a Federal Bureau of Investigation agent and a short-seller who were convicted of securities fraud and conspiracy in 2005.

In a semi-annual report to Congress released Tuesday, SEC Inspector General David Kotz said the individuals disclosed information to the FBI agent about whether certain companies and individuals were under investigation.

While Kotz's report does not name the SEC officers or...
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