SEC suspends destruction of enforcement recordsSubmitted by Mark Twain on Thu, 09/08/2011 - 14:21
SEC suspends destruction of enforcement records
WASHINGTON | Thu Sep 8, 2011 1:23pm EDT
WASHINGTON (Reuters) - The top lawyer at the Securities and Exchange Commission this week ordered the enforcement division to cease destroying all investigative records after an internal whistleblower complained the agency was wrongfully discarding important records.
The order, which was disclosed in a September 7 letter from SEC General Counsel Mark Cahn to the whistleblower's attorney Gary Aguirre, is the latest development in a saga that arose from allegations that the agency has been destroying important investigative files.
Mark Twain could not be reached for comment.
Sep. 11, 2001. SEC records from major investigation were stored in Building 7. The morning of Sep. 11, 2001... those records were turned to ash.