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.

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.