Hundreds Of SEC Laptops May Be Missing, Watchdog Says

Law360, New York (October 8, 2014, 5:34 PM EDT) -- Hundreds of laptops issued by the U.S. Securities and Exchange Commission to employees and contractors may have been lost or stolen, according to a watchdog report, creating a risk that sensitive, nonpublic information could be released and possibly used for insider trading.

A Sept. 22 report by SEC Inspector General Carl Hoecker found lapses in the agency’s efforts to track and safeguard laptops. The inspector general reviewed a sample of 488 laptops assigned to the SEC’s Washington headquarters and three of its regional offices, and found that 24 could not be accounted for. Projecting that data to the total number of...

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