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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.