SEC - It Guards the Markets, but What About Itself?

[Dover]

Source: NYT

THE Securities and Exchange Commission oversees the nation’s financial markets. But has it unwittingly compromised its own employees’ financial information?

Two years ago, the S.E.C. began monitoring its employees’ investments more closely to allay public concern about possible conflicts of interest. Until then, its ethics office had encouraged employees to police themselves by checking a limited database of prohibited transactions.

The new system required employees to use a more comprehensive database, the Ethics Program System, to clear their securities transactions in advance and to record details about their financial holdings. To manage E.P.S., the agency hired Financial Tracking Technologies of Riverside, Conn., which provides similar services for money managers and large public companies.


Read more: http://www.nytimes.com/2011/10/23/business/at-the-sec-questions-about-its-own-privacy-controls.html?ref=business