WASHINGTON AP – The Securities and Exchange Commission needs to tighten its procedures for managing its caseload of enforcement investigations, congressional investigators have concluded in a report expected to be released next week.
The review by the Government Accountability Office, Congress’ investigative arm, also found that the distribution of money to aggrieved investors that the SEC recovers in settlements with companies should be speeded up, individuals familiar with the report said Friday. They spoke on condition of anonymity because the report hasn’t yet been made public.
