Comment on File purging not harmful, says SEC official

It is “likely” that the SEC got rid of “some documents” from inquiries it decided not to pursue involving Bernard Madoff and such major financial firms as Goldman Sachs, Bank of America, Lehman Brothers and SAC Capital, a senior SEC official said Wednesday. But the official, enforcement director Robert Khuzami, said agency officials “do not believe that current or future investigations have been harmed” by the SEC’s long-running practice of purging files of inquiries that were closed without a full-fledged investigation. Read full article >>