NY Times - S.E.C. Files Were Illegally Destroyed, Lawyer SaysSubmitted by Founding Fathers on Thu, 08/18/2011 - 10:42
By EDWARD WYATT
Published: August 17, 2011
WASHINGTON — An enforcement lawyer at the Securities and Exchange Commission says that the agency illegally destroyed files and documents related to thousands of early-stage investigations over the last 20 years, according to information released Wednesday by Congressional investigators.
The destroyed files comprise records of at least 9,000 preliminary inquiries into matters involving notorious individuals like Bernard L. Madoff, as well as several major Wall Street firms that later were the subject of scrutiny after the 2008 financial crisis, including Goldman Sachs, Lehman Brothers, Citigroup and Bank of America.