Judge won't take action against SEC officials

[formercia]

Source: biz.yahoo.com

http://biz.yahoo.com/ap/081108/sec_officials_enforcement.html
AP

Saturday November 8, 12:42 am ET
By Marcy Gordon, AP Business Writer
Administrative law judge rejects inspector general's requests for action against SEC officials

WASHINGTON (AP) -- An administrative law judge at the Securities and Exchange Commission on Friday rebuffed a request for disciplinary action against an SEC official in connection with an investigation of investment bank Bear Stearns.

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The SEC's chief administrative law judge, Brenda Murray, also declined to order the disciplining of the agency's enforcement director and another official in the handling of a separate insider-trading probe touching on a big hedge fund and a prominent Wall Street executive.

In both cases, Murray turned aside recent recommendations by SEC Inspector General H. David Kotz for action against the employees based on his findings in the Bear Stearns and Pequot investigation cases. Murray's decisions are final.

Read more: http://biz.yahoo.com/ap/081108/sec_officials_enforcement.html

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:wtf:

[AuntPatsy]

1. I agree a definate WTF moment...sheesh...

[librechik]

2. inbred and cronitized

we need an independent investigation, obviously

[FreakinDJ]

3. What did you expect from a Bush appointee

[Turbineguy]

4. The repubs are still in charge.

For now.

This sort of stuff can be expanded upon in the coming year. People who lost money due to SEC inaction (raises hand) should remember that in 2012 and beyond when the rebubs try to invite themselves back in.

[Lint Head]

5. When you got lots of 'moo la moo la' you can buy your own justice.

:dem: