Darcy Flynn

SEC Purge of Madoff, Goldman Probe Files Upheld by Judge

The U.S. Securities and Exchange Commission doesn’t have to restore purged files on Bernard Madoff and Goldman Sachs Group Inc. that were sought by a government watchdog group, a federal judge ruled.

One More Reason to Shut the SEC and Start Over: William D. Cohan

Thanks to Darcy Flynn, a longtime attorney at the Securities and Exchange Commission, we now have all the ammunition we need to do what should have been done years ago: terminate the SEC, with extreme prejudice, and in its place construct a new regulatory watchdog for Wall Street free of obvious conflicts of interest.

Chaoda, Galleon, UBS, SEC, Goodrich, S&P, RBS in Court News

Chaoda Modern Agriculture Holdings Ltd.’s Chairman Kwok Ho, Chief Financial Officer Andy Chan and Fidelity Management’s George Stairs were accused of insider trading by Hong Kong’s financial secretary.

Grassley-SEC, EU Bank Scrutiny, Aquino, German Steel Probe: Compliance

U.S. Senator Charles Grassley asked the Securities and Exchange Commission to answer allegations that the agency destroyed files from initial investigations of firms including Goldman Sachs Group Inc., SAC Capital Advisors LP and Bernard Madoff Investment Securities LLC.

Grassley Questions SEC Over Records Claims

U.S. Senator Charles Grassley asked the Securities and Exchange Commission to answer allegations that the agency destroyed files from initial investigations of firms including Goldman Sachs Group Inc., SAC Capital Advisors LP and Bernard Madoff Investment Securities LLC.

Euro-Bonds, Nuclear Regulations, CFTC, Moodys-S&P MBS Ratings: Compliance

European Union regulators may push for joint bond sales by euro-area nations to help contain the debt crisis, putting pressure on Germany to drop its opposition.

SEC’s Document Purging Wasn’t Authorized, Archives Agency Says

The U.S. Securities and Exchange Commission didn’t have authority to dispose of investigation documents the agency had been routinely purging since 1993, the National Archives and Records Administration said.

SEC Watchdog Finds No Improper Motive in Document Destruction

The U.S. Securities and Exchange Commission’s internal watchdog found no evidence of improper motive behind the enforcement unit’s policy of destroying documents from initial probes that were closed without becoming formal investigations, according to a report released today.

SEC’s Khuzami Says Document Destruction Hasn’t Harmed Probes

U.S. Securities and Exchange Commission Enforcement Director Robert Khuzami said the agency’s investigations haven’t been harmed by a policy of discarding documents related to initial inquiries.

SEC Sued Over 1998 Policy of Purging Files Linked to Probes

The U.S. Securities and Exchange Commission was accused in a lawsuit by a government watchdog of illegally destroying documents from probes of Bernard Madoff, Bank of America Corp. and Lehman Brothers Holdings Inc.

Charles Grassley

Mary Schapiro

Obama Says Iran More Than a Year Away From Nuclear Weapon

JPMorgan Misled Investors, Dodged Regulator, Report Says

Postal Service Urged to Weigh Contracting Most Operations

U.S. Stocks Climb on Jobless Data as S&P 500 Nears Record

U.S. Drone Over Persian Gulf Pursued by Iranian Jet