WTC 7 FIRE AND COLLAPSE: CUI BONO?
Re: ...do you know anything as to whether building 7 housed the records for literally thousands of ongoing racketeering cases?
WTC 7 housed the SEC investigations division for the Manhattan District.
serendipity.li
The SEC's offices were on Floors 11, 12, 13. There was a total of 106,000 sq. ft. leased to the SEC.
There were two floors fully engulfed in flame prior to the building collapse, Floor 7 and Floor 12.
Here's what this page has on the SEC's investigations:
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Securities & Exchange Commission
This office was the "Northeast Regional Office" of the SEC, which is one of only 11 national SEC regional offices.
"Securities and Exchange Commission(SEC)
7 World Trade Center, 13th Floor
New York, NY 10048
(212) 748-8000 "
state.nj.us
sec.gov
""Clearly what happened was a severe blow," Wayne Carlin, the SEC’s Northeast regional director, told the Washington Post. "It will slow us down, and we will need some amount of time to recover."
The office, which enforces SEC regulations, lost files on about 300 pending investigations, including a major inquiry into the manner in which investment banks divvied up hot shares of initial public offerings during the high-tech boom.
Mr. Carlin said there were no plans to drop any pending matters. "We lost a lot of stuff, though some of it is reconstructible," he said. "Anybody who is under our investigation would be making a mistake if they thought they were in the clear."
The SEC will probably be able to get new copies of documents from the parties that turned them over initially, Mr. Carlin said.
Barry Barbash, a partner with the New York and Washington, D.C. offices of Shearman & Sterling and former director of the division of investment management at the SEC, said that most of the securities firms have back-up systems.
"It’s really the [SEC’s] internally generated notes and correspondence that will prove most problematic," Mr. Barbash said. "
nylawyer.com
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