Reuters exclusively reported that the U.S. Securities and Exchange Commission (SEC) suspended its inspector general Carl Hoecker for seven days without pay in 2020, despite an independent government committee recommending that the agency consider firing him for “serious misconduct.” The SEC documents provide new details on how the agency responded after a government investigation, first reported by Reuters in December, concluded that Hoecker abused his authority by conducting a “remarkably biased and flawed” internal probe into allegations against two of his employees.
Business & Finance
Reuters reveals U.S. SEC suspended internal watchdog for 7 days after misconduct finding
02 February 2022, 10:33 am 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceGovernment & Public Services
Regions: North America
Countries: US
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story