David Weber, a U.S. Securities and Exchange Commission internal watchdog who was put on leave after co-workers accused him of being a security threat, is asking to be reinstated after an independent review indicated the claims were unsubstantiated.
U.S. Senator Charles Grassley is pressing the Securities and Exchange Commission to explain how the agency decided to place the chief investigator in its inspector general’s office on leave over concerns he posed a threat to other employees.
Investigations criticizing the Securities and Exchange Commission’s failure to catch the Bernard Madoff and R. Allen Stanford frauds may be thrown into question by allegations of misconduct and conflicts of interest inside the office of the agency’s internal watchdog.
The U.S. Postal Service’s inspector general has been asked by the Securities and Exchange Commission to oversee a probe of possible misconduct in the SEC’s watchdog office, according to two people briefed on the matter.