The Securities and Exchange Commission is bracing for a battery of reports from its internal watchdog that could be fodder for legislators looking to clip the agency's wings, The WSJ reports.
The reports, to be issued this month by the SEC's inspector general, involve several serious issues that could help determine the agency's standing on Capitol Hill. They include allegations that regulators destroyed documents relating to initial probes; alleged conflicts of interest concerning payments to Bernard Madoff victims; the "revolving door" between the SEC and Wall Street; and the financial package offered a former SEC official.
Find out more at http://online.wsj.com/article/SB10001424053111904103404576557000081408110.html?mod=WSJ_Markets_LEFTTopStories
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