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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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From: kknightmcc6/1/2009 6:30:22 PM
1 Recommendation  Read Replies (1) of 5034
 
Elgindy: SEC internal investigation - OIG Semi-Annual Report 01 Oct 08 - 31 Mar 09

Elgindy: SEC internal investigation
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sec-oig.gov

Excerpt (p 60)

Complaint Concerning Unauthorized Disclosure of Non-Public Information Obtained from a Commission Database

The OIG is conducting an investigation into a complaint that two SEC Enforcement attorneys repeatedly, and in violation of agency policy, disclosed non-public information about SEC Enforcement investigations obtained from an internal SEC database. The information in question was allegedly disclosed to a corrupt FBI agent and short seller, who were subsequently tried and convicted of several criminal violations, including fraud, theft, racketeering and conspiracy in connection with a stock short selling operation. During the reporting period, an OIG investigator took sworn, on-the-record testimony of the two Enforcement attorneys who were accused of improperly divulging the non-public information. The OIG also obtained and reviewed the transcripts of the testimony these two attorneys provided at the criminal trial of the FBI agent and short seller. In addition, we requested and examined other documentation, including records showing what information these attorneys searched for in the internal SEC database. The OIG plans to finalize the investigation in the next reporting period.

sec-oig.gov
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