Grassley seeks information about SEC oversight of personal trades of enforcement officials

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Grassley seeks information about SEC oversight of personal trades of enforcement officials

The following press release was published by the United States Senate Committee on Finance Chairman's News on June 16, 2009. It is reproduced in full below.

WASHINGTON --- Senator Chuck Grassley has asked the Chairman of the Securities and Exchange Commission to respond to his request for information about what steps the SEC is taking to address the issues raised in a recent Inspector General report about the personal securities transactions of three SEC enforcement officials.

Grassley said he’s twice asked for information that the SEC has apparently released in response to requests made through the Freedom of Information Act.

“The contents of the Inspector General report about the activities of SEC attorneys deserve congressional scrutiny. The public needs to know that the SEC is doing something to deter misconduct and that this sort of thing isn’t more widespread," he said.

The text of Grassley’s letter to Chairman Mary L. Schapiro is available in the Printer-Friendly version.

Source: US Senate Committee on Finance Chairman's News

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