Summary
Two lawyers at the Securities and Exchange Commission, the federal agency responsible for overseeing the nation's stock markets, are under investigation by the FBI on suspicions of illegal insider trading with information they obtained on the job, according to a report made public Thursday.
The report by SEC Inspector General H. David Kotz outlined how, over a two-year period, two enforcement attorneys purportedly traded stocks frequently, e-mailed relatives from work accounts and, in some instances, sold stock immediately before the agency started investigations into the companies.See the full content of this document
Extract
2 Sec Lawyers in Insider Trading Probe
The insider-trading probe comes as the SEC is already under fire on Capitol Hill for failing to uncover the $64 billion Ponzi investm...
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