I told you Aguirre wouldn't go away, and that we have been to the brand new IG with data. Some of it is reported here: http://sec.gov/about/oig/audit/2008/semiapr08.pdf The OIG has two ongoing inquiries related to the Commissionâs actions concerning naked short selling, an issue about which the OIG has received a multitude of complaints. In one of these inquiries, the OIG reviewed and analyzed the complaints received and met with one of the complainants, who provided a detailed briefing on the topic. The OIGâs Office of Audits and Inspections is considering possible audit topics in this area, and the OIGâs investigative unit is continuing to review the issue for possible additional investigation. In the other inquiry, the OIG is reviewing allegations that a Commission manager committed perjury in a letter to a Senator that discussed naked short selling in the context of a particular enforcement matter. In a related matter, the OIG is conducting a separate investigation into an allegation that a Commission employee made a false statement to the OIG in the course of its initial investi-gation of the allegations made by the former Commission attorney discussed above. The alleged false statement concerned the disposition of the former attorneyâs original em-ployee personnel folder after he was terminated and whether copies were maintained. During the reporting period, the Inspector General took the testimony under oath of eight current and former Commission employees, including the complainant. The In-spector General plans to take addi-tional testimony and finalize this in-vestigation during the next reporting period. ⢠The OIG continues to investigate an anonymous allegation that managers in a Commission regional office un-ethically instructed staff to close out older cases by making false certifica-tions. In the course of investigating that anonymous allegation, the OIG received additional allegations that regional office management failed to actively pursue enforcement matters, particularly those involving invest-ment management issues. The OIG has conducted numerous confidential interviews of staff members, as well as on-the-record sworn testimony of several supervisors and a staff mem-ber. ⢠The OIG is investigating an allega-tion that a Commission employee may have used Commission resources to harass outside individuals. The OIG is also looking into whether the employee misused Commission data-bases to obtain information about these outside individuals. The OIG plans to interview or take testimony from the complainant, other witnesses and the subject of the investigation. ⢠The OIG is investigating an anonymous allegation that a Commission manager has misused Commission time, resources and her position. The OIG investigator has undertaken a review of several months of the em-ployeeâs Commission e-mails, as well as her Internet access log. The inves-tigator has also contacted the outside firm with whom the manager alleg-edly misused her position. The OIG plans to take testimony of the man-ager, her supervisors and several col-leagues. ⢠The OIG is continuing an inquiry into various allegations of misconduct on the part of Commission staff and a court-appointed receiver that were made by the subject of a Commission enforcement proceeding and his at-torney. The OIG met with the com-plainant and his attorney, who pro-vided voluminous materials. The OIG is continuing to review these ma-terials and to gather additional rele-vant information with a view towards determining what further actions are appropriate given the OIGâs jurisdiction. ⢠The OIG has a pending inquiry into allegations that Commission staff failed to act in response to specific complaints of securities laws viola-tions in connection with two different stocks. The OIG is in the process of gathering the relevant correspondence and will review it to determine whether Commission staff acted im-properly in response to the com-plaints. ⢠The OIG has a pending inquiry into allegations that Commission staff failed to act in response to specific complaints of securities laws viola-tions in connection with two different stocks. The OIG is in the process of gathering the relevant correspondence and will review it to determine whether Commission staff acted im-properly in response to the com-plaints. ⢠In connection with an open inquiry, the OIG reviewed allegations of con-flict of interest, conspiracy and false statements in connection with a Commission enforcement matter. The OIG has determined to focus its inquiry on an allegation that a former Commission staff attorney had a con-flict of interest that was not disclosed in the enforcement proceeding.
Now this is really good. This is Art Samberg and John Mack: The OIG is continuing its re-opened investigation into allegations made by a former Commission attorney that managers gave favorable treatment to a prominent individual by not taking his testimony in an insider trading in-vestigation and then fired the attorney for his complaints about the favorable treatment. These allegations were the subject of an August 2007 final report of the Senate Finance and Judiciary Committees. The Inspector General has met with Senate Committee staff and has personally reviewed the entire OIG investigative file in the matter, as well as numerous interview transcripts obtained from the Senate Commit-tees. To date in this re-opened inves-tigation, 33 witnesses have testified or been interviewed. The Inspector General plans to take additional tes-timony and finalize the investigation during the next reporting period.â¢>>> As you can see, this pain will drag on for quite a while. It is obvious the SEC is comprimised to the point of criminal. Now, we just have to prove it. You will see, if you read the report, and I haven't had time to look at it all, they are preparing a criminal type division. That is what is needed.