SEC Attorneys Accused Of Insider Trading

Quote from patchie:

Investigators say the female attorney traded stocks 247 times between January 2006 and January 2008. At one point her stock portfolio was valued as high as $170,000.

While the woman told investigators she did not check the SEC database - known as EDGAR - for information related to her personal stock trades, the inspector general said computer records reveal that she did, in fact, check the database on at least four separate occasions. SEC employees are prohibited from accessing EDGAR for personal trading purposes.

Kotz told CBS News, "The report talks about our concerns that there is no true compliance system at the SEC."

Both attorneys - who deny any wrongdoing - still work at the SEC and make six-figure salaries.
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Un-freaking-believable!!!
:eek:
 
Quote from nkhoi:

how high?
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J

Cox wouldn't surprise me. Thrill me, yes. Surprise me? No. And the number is greater than one. You just have to let the Justice boys make their cases.

Did you notice.? Tasr went ahead with their Rico suit vs. Morgan Stanley, and MS is represented by Polk Davis. That's who hired that other criminal, Linda Thomsen, who was Director of Enforcement.
Here's Linda at her best. Ask yourself. Would you hire Linda because of her brilliance? Maybe her graceunder fire? Or perhaps that she knows everybody at the SEC?

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http://vodpod.com/watch/1335573-don’t-you-get-it

You see. They won't quit until you take all their shit, and lock them up.

And btw, tell me Enforcement Attorneys don't know hard drives can be subpoenaed, andemails never die. It's their business. yet, they used SEC email accounts to tip their family, and friends.

They KNEW, they absolutely KNEW they could, but WOULD not be found out. So,this river runs deep indeed. This problem is pervasive at the SEC, but Patch told people that six years ago. He battled Cramer like you wouldn't believe. Those emails were rich. Jimmy will get counsel at the drop of a hat. But allof the sudden, he 's turned from threatening Patch to claiming he's the only one fighting naked short selling.

You just can't make this stuff up. you just can't.
 
The, I haven't got anything to do, so I'll ponder the question of the week is.........

How bad would it have been with no regulation, instead of sham regulation? could Madoff have stolen more? Could the hedgies have shorted even more companies out of business?

It might have been better if the dirtbags, sans SEC, just got together like Casino execs and said, "hey, you know I think we're stealing too fast. We'd better give the suckers a little success in here someplace."

So, they stick a two deck blackjack game in the middle of floor, and give you a free drink. SEC didn't even do that.

Oh, do I have some stories. But, I put them all in a little docier and gave it to the SEC IG. He's a good guy, btw. KOTZ is going to fix this.
 
What a disaster. American integrity is for shit, and the risk to our markets from foreign investment at this point is at DefCon 2. I am serious.
 
Quote from Mnphats:

Wow, I guess karma is a bitch.
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That would be your first thought. But I heard she pulled the dough. THey don't tell you that.

So, let me ask, if you're racking it up, do you pull the money if you're a clean trader? I think not.
 
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