Thursday, November 19, 2009

Securities and Exchange Commission cannot practice what it regulates

GAO says it noted in last year’s report that the SEC relies too heavily on processes and systems that are not designed to give accurate, complete, reliable information. This year, GAO adds it appears the SEC was not able to commit the amount of effort and resources necessary to compensate for its deficient systems and processes.
You think anyone is going on trial, or before a congressional oversight panel for this? Me neither.

(Via Bess Levin)

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