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Project on Government Oversight

SEC Inspector General Reports of Investigation

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October 28, 2011

In recent years, investigations by the Securities and Exchange Commission (SEC) Office of Inspector General (OIG) have exposed a wide range of serious misconduct, including the agency's failure to crack down on the Madoff and Stanford Ponzi schemes, retaliation against whistleblowers, conflicts of interest, revolving door abuses, the failure to take action against Bear Stearns, insider trading by SEC employees, and much more. Unfortunately, most of these reports are nowhere to be found on the SEC or OIG's website.

POGO has obtained many of the OIG's recent investigative reports through the Freedom of Information Act (FOIA) and from other sources. We've made the reports searchable and are compiling them here as a resource to the public. Reports that have not been posted on the SEC or OIG's website are marked in red. 

Updated October 28, 2011

 

Investigation of Conflict of Interest Arising from Former General Counsel’s Participation in Madoff-Related Matters (OIG-560), September 16, 2011

Excessive Payment of Living Expenses in Contravention of OPM Guidance for a Headquarters Senior Official (OIG-561), September 7, 2011

Allegations of Enforcement Staff Misconduct in Insider Trading Investigation (OIG-511), August 22, 2011

Improper Actions Relating to the Leasing of Office Space (OIG-553), May 16, 2011

Investigation of Abuse of Compensatory Time for Travel by a Headquarters Manager and Ineffective Supervision by Management (OIG-538), February 14, 2011

Improprieties in the Selection of Information Technology and the Award of a Sole-Source Contract (OIG-523), December 14, 2010

Investigation Concerning the Role of Political Appointees in the SEC’s Response to Requests Pursuant to the Freedom of Information Act and From Members of Congress (OIG-543), December 3, 2010

Investigation of the Failure of the SEC's Los Angeles Regional Office to Uncover Fraud in Westridge Capital Management Notwithstanding Investment Adviser Examination Conducted in 2005 and Inappropriate Conduct on the Part of Senior Los Angeles Official (OIG-533), October 26, 2010

Investigation of the Circumstances Surrounding the SEC's Proposed Settlements with Bank of America, Including a Review of the Court's Rejection of the SEC's First Proposed Settlement and an Analysis of the Impact of Bank of America's Status as a TARP Recipient (OIG-522), September 30, 2010

Allegations of Improper Coordination Between the SEC and Other Governmental Entities Concerning the SEC's Enforcement Action Against Goldman Sachs & Co. (OIG-534), September 30, 2010

Allegations of Failure of SEC to Investigate Illegal Insider Trading and Accounting Fraud; Alleged Misconduct by SEC Staff (OIG-531), August 11, 2010

Investigation of Alleged Misconduct by the Atlanta Regional Office in its Investigation of Krispy Kreme Doughnuts, LLC (OIG-529), June 8, 2010

Investigation of the SEC’s Response to Concerns Regarding Robert Allen Stanford’s Alleged Ponzi Scheme (OIG-526), March 31, 2010

Failure to Timely Investigate Allegations of Financial Fraud (OIG-505), February 26, 2010 

Unauthorized Disclosure of Non-Public Information (OIG-512), January 12, 2010

Allegations of Conflict of Interest, Improper Use of Non-Public Information and Failure to Take Sufficient Action Against Fraudulent Company (OIG-496), January 8, 2010

Misuse of Government Resources and Official Time at Headquarters (OIG-517), December 16, 2009

Allegations of Failure by the SEC to Investigate (OIG-521), December 9, 2009

Disclosure of Non-Public Procurement Information and Lack of Candor at Headquarters (OIG-515), November 24, 2009

Allegations of Improper Staff Conduct During Litigation and Collection (OIG-527), November 20, 2009

Allegations of Retaliatory Action by SEC Division of Enforcement Staff (OIG-487), November 19, 2009

Allegations of Misconduct by Current and Former SEC Officials at the Boston Regional Office (PI No. 09-38), November 6, 2009

Misuse of Position, Government Resources and Official Time in Denver Regional Office and Home Office (OIG-519), September 30, 2009

Misuse of Government Computer Resources and Violation of the Standards of Ethical Conduct for Employees (OIG-504), September 30, 2009

Allegations of Improper Disclosures and Assurances Given (OIG-502), September 30, 2009

Investigation into Unauthorized Disclosure of Non-Public Information (OIG-500), September 30, 2009

Violation of Standards of Ethical Conduct in Regards to Official Government Travel (OIG-494B), September 25, 2009

Allegations of Retaliatory Personnel Actions (OIG-494A), September 15, 2009

Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme (OIG-509), August 31, 2009

Possession of a Dangerous Weapon in a Federal Facility By Division of Enforcement SK-14 Employee (OIG-514), July 9, 2009

Misuse of Government Resources and Official Time (OIG-506), July 9, 2009

No Abuse of Authority or Discrimination Against Native Americans at the San Francisco Regional Office (OIG-507), June 24, 2009

Investigation of Fort Worth Office's Conduct of the Stanford Investigation (OIG-516), June 19, 2009

No Misconduct Found at Denver Regional Office (OIG-485), March 31, 2009

Disclosure of Nonpublic Information (OIG-501), March 30, 2009

Abuse of Time and Attendance by [Redacted (b)(7)(C)] Employee of the Division of Investment Management (OIG-492), March 18, 2009

Allegation of Perjury and Obstruction of Justice by Former SEC Enforcement Attorney (OIG-477), March 17, 2009

Allegations of Misconduct and Retaliation by Managers at the Los Angeles Regional Office (OIG-486), March 16, 2009

Appearance of Lack of Partiality in the Performance of Official Duties (OIG-499), March 5, 2009

Employee's Securities Transactions Raise Suspicions of Insider Trading and Create Appearances of Impropriety; Violations of Financial Reporting Requirements; and Lack of SEC Employee Securities Transactions Compliance System (OIG-481), March 3, 2009

Violation of D.C. Metropolitan Policy Security Officers Management Branch Rules, Improper Issuance of Waiver from Contractual Requirements and Other Inappropriate Conduct Involving Commission Security Operations (OIG-495), December 15, 2008

Misuse of Government Computer Resources and Official Time (OIG-503), November 26, 2008

Misuse of Government Resources and Official Time at Headquarters (OIG-488), November 7, 2008

Failure to Vigorously Enforce Action Against W. Holding and Bear Stearns at the Miami Regional Office (OIG-483), September 30, 2008

Re-Investigation of Claims by Gary Aguirre of Improper Preferential Treatment and Retaliatory Termination (OIG-431), September 30, 2008

Failure to Maintain Active Bar Status As Required (OIG-498), September 11, 2008

Misuse of Government Computer Resources and Official Time (OIG-479), August 14, 2008

Misuse of Government Computer Resources and Official Time (OIG-497), August 12, 2008

Misuse of Official Government Position (OIG-480), August 12, 2008

Misuse of Government Resources, Appearance of Conflict of Interest and Lack of Candor at the Chicago Regional Office (OIG-457), August 4, 2008

No Merit to Complaint of Orders to Falsify a Government Record and Need to Address Personnel Issues in the Security Branch (OIG-490), July 30, 2008

Misuse of Government Resources and Official Time at Headquarters (OIG-464), July 24, 2008

Misuse of Government Resources and Official Time at Headquarters (OIG-476), July 18, 2008

Misuse of Government Computer Resources and Official Time (OIG-484), July 9, 2008

Falsification of Employment Application and Personnel Forms (OIG-493), June 24, 2008

Conflict of Interest, Improper Solicitation and Receipt of Gifts from a Prohibited Source, Misuse of Official Position and Other Misconduct (OIG-469), June 5, 2008

Disruptive Act in the Workplace; Intimidating and Controlling Behavior (OIG-472), June 2, 2008

Misuse of Government Computer Resources and Official Time at New York Regional Office (OIG-468), April 30, 2008

No Improper Conduct Found but Need for Better Communication by Managers at New York Regional Office (OIG-478), April 18, 2008

Perjury in Official EEO Investigation (OIG-447), March 31, 2008

Misrepresentation of Professional Credentials and Misuse of Government Computer Resources and Official Time At Headquarters (OIG-465), March 27, 2008

Misuse of Government Parking Permit, Office of Administrative Services (OIG-456), March 25, 2008

Misuse of Government Computer Resources and Official Time At Home Office (OIG-473), March 25, 2008

Misuse of Government Resources and Official Time At New York Regional Office (OIG-467), March 14, 2008

Abuse of Time and Attendance at the New York Regional Office (OIG-466), March 13, 2008

Misuse of Government Computer Resources and Official Time At New York Regional Office (OIG-462), January 23, 2008

Misuse of Computer Resources and Official Time, Lack of Candor (OIG-463), December 26, 2007

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