Some facts have been released concerning the SEC internet pornography club. It turns out that 31 SEC employees were found to be surfing internet porn in 2010. They were paid between $100,000 and $225,000 a year, but they have not been fired and their names have not been released despite a FOIA request. One senior lawyer admitted to watching up to eight hours a day of porn in his office, while a Division of Corporate Finance employee surfed smut for 5 hours a day. And these are the guys that missed Bernie Madoff and the Fannie Mae debacle. Our advice is whatever else you do, don’t look to this gang of crooked shooters for any help. Caveat Emptor might be a more useful tool than spending more money on this bunch.
Friday, June 17, 2011
SECex
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