Financiers Used "Hotline" to SEC Examiners

Tuesday 24 February 2009

by: Matt Renner, t r u t h o u t | Report

Washington, DC - In a hearing which exposed failures by the government's financial police, Congressman Stephen Lynch (D-Massachusetts) highlighted the existence of a "hotline," which he said could be used by Wall Street firms to call off government inspectors. The existence of a "hotline" has been confirmed by the Securities and Exchange Commission (SEC), though its purpose has been disputed.