Tuesday, November 20, 2012

Former Top Official Files Scorching Complaint Against SEC

A former assistant inspector general claims the SEC fired and defamed him for reporting misconduct by SEC officers and exposing potential security breaches at the agency.
     David P. Weber sued the U.S. Securities and Exchange Commission and SEC Chairwoman Mary Schapiro, in Federal Court.
     Schapiro is the only individual defendant.
     Weber, who supervised investigations of fraud, waste and abuse, claims the SEC retaliated after he reported misconduct by SEC officers and employees, to SEC commissioners and Congress.
     "Mr. Weber brings this action after SEC officers and employees made malicious and defamatory statements against him in the news media, leaking personal information about him in violation of the Privacy Act, in response to his disclosures of SEC employee misconduct to the Commissioners of the SEC, and to members of Congress through meetings with congressional staff of the SEC's Oversight Committee," the complaint states.

Read more: http://www.courthousenews.com/2012/11/19/52387.htm

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