An external report has criticized former SEC inspector general David Kotz for breaching ethics...

|By:, SA News Editor

An external report has criticized former SEC inspector general David Kotz for breaching ethics rules by supervising investigations that involved people with whom he had "personal relationships." The probes include one into the SEC's failure to catch Bernard Madoff. However, SEC bete noire Charles Grassley points out that the report found that the watchdog's audit and investigative work "was not compromised."