A whistleblower alleges the SEC has been destroying records of closed investigations, erasing a...

|By:, SA News Editor

A whistleblower alleges the SEC has been destroying records of closed investigations, erasing a trove of valuable information that would have assisted other inquiries. "Far more than an administrative accident or bureaucratic (mess), it's a symptom of the agency's terminal brain damage," writes Matt Taibbi, describing an authority compromised by ties to the industry it's supposed to police.