GAO Finds Deficiencies With SEC's SRO Policies

Law360, New York (December 16, 2007, 12:00 AM EST) -- A government investigation into the U.S. Security and Exchange Commission's procedures for overseeing self-regulatory organizations has revealed that the agency has not documented or created internal controls for its SRO enforcement policies, nor has it established a way to search the data collected in past probes.

In a report made public on Monday, the Government Accountability Office identified several deficiencies in the SEC's Office of Compliance Inspections and Examinations SRO regulation procedures, including a lack of written policies relating to internal controls, a risk-assessment process that...
To view the full article, register now.