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SEC Investigation Finds Ways Non-Public Information May Leak

Joe Mont | August 12, 2014

How confidential are closed-door meetings at the Securities and Exchange Commission? If an executive session involving representatives of JPMorgan last year is at all typical, not very.

A new report by the Commission’s Office of Inspector General (website The Hill obtained and published a copy) found a variety of ways that nonpublic information from SEC executive sessions may not be well-protected, including media leaks, failing to clear the meeting room of unrelated observers, that the room isn’t soundproof, and the practice of sending confidential attachments to personal e-mail accounts.

The OIG report reacts to concerns expressed by Commissioner Michael Piwowar after members of the media, in particular Reuters reporters, were aware of comments he made, as well as other details that...

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