We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Internal Watchdog Details Procurement Waste

Law360 (February 10, 2011, 6:17 PM EST) -- The U.S. Securities and Exchange Commission's internal watchdog told a congressional panel Thursday that his office uncovered waste and inefficiencies in the commission's procurement and contracting efforts.

In testimony to the Subcommittee on Financial Services of the U.S. House Committee on Appropriations, SEC Inspector General H. David Kotz said the two largest areas of waste within the commission were in procurement and contracting costs and in real property leases and office moves.

His office made the determination after reviewing audit and investigative reports over the past...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.