Who knew working at the U.S. Securities and Exchange Commission (SEC) was such a sweet gig? I can only imagine the average work day....Come in, grab a cup of joe, peruse the Wall Street Journal, organize all the porn you downloaded the day before on your computer, download some all of the new porn that was posted overnight on PornHub, fit in a quickie with yourself, generally ignore the responsibilities of your actual job, grab lunch, google the phrase "Bernie Madoff Parody Porn", dodge some phone calls because of a "massive work load", check to see if there were any responses to your fetish forum post, make your daily DVD compilation of your favorite scenes to share with your fellow SEC staffers, call it day, send the bill to the American taxpayer, rinse and repeat.

According to to CNN (published April 23, 2010):

As the country was sinking into its worst financial crisis in more than 70 years, Security and Exchange Commission employees and contractors cruised porn sites and viewed sexually explicit pictures using government computers, according to an agency report obtained by CNN.

"During the past five years, the SEC OIG (Office of Inspector General) substantiated that 33 SEC employees and or contractors violated Commission rules and policies, as well as the government-wide Standards of Ethical Conduct, by viewing pornographic, sexually explicit or sexually suggestive images using government computer resources and official time," said a summary of the investigation by the inspector general's office.

More than half of the workers made between $99,000 and $223,000. All the cases took place over the past five years.

"It is nothing short of disturbing that high-ranking officials within the SEC were spending more time looking at pornography than taking action to help stave off the events that brought our nation's economy to the brink of collapse," said Rep. Darrell Issa. The Republican is the ranking member of the House Committee on Oversight and Government Reform.

"This stunning report should make everyone question the wisdom of moving forward with plans to give regulators like the SEC even more widespread authority," he said. "Inexplicably, rather than exercise its existing regulatory enforcement authority, SEC officials were preoccupied with other distractions."

SEC spokesman John Nester said the employees involved have been disciplined or are being disciplined. Some have been suspended or dismissed, he said, adding that the SEC has further increased penalties for misusing government resources in recent months.

"We will not tolerate the transgressions of the very few who bring discredit to their thousands of hardworking colleagues," he said.

The investigation came to light on the same day President Obama gave a speech in lower Manhattan, calling for reform in the finance industry....

The inspector general's report includes specific examples of misuse by employees.

A regional office staff accountant tried to access pornographic websites nearly 1,800 times, using her SEC laptop during a two-week period. She also had about 600 pornographic images saved on her laptop hard drive.

Separately, a senior attorney at SEC headquarters admitted to downloading pornography up to eight hours a day, according to the investigation.

"In fact, this attorney downloaded so much pornography to his government computer that he exhausted the available space on the computer hard drive and downloaded pornography to CDs or DVDs that he accumulated in boxes in his office," the inspector general's report said.

Read the entire article here Download and read the official summary of the cases here

posted by: Harold Johns III

" />In WTF News: SEC Staffers Watched Porn as Economy Crashed | The Rathaus

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In WTF News: SEC Staffers Watched Porn as Economy Crashed

April 23, 2010 culture, The Rathaus

Who knew working at the U.S. Securities and Exchange Commission (SEC)  was such a sweet gig? I can only imagine the average work day….Come in, grab a cup of joe, peruse the Wall Street Journal,  organize all the porn you downloaded the day before on your computer, download some all of the new porn that was posted overnight on PornHub, fit in a quickie with yourself,  generally ignore the responsibilities of your actual job, grab lunch, google the phrase “Bernie Madoff Parody Porn”, dodge some phone calls because of a “massive work load”, check to see if there were any responses to your fetish forum post, make your daily DVD compilation of your favorite scenes to share with your fellow SEC staffers, call it day, send the bill to the American taxpayer, rinse and repeat.

According to to CNN (published April 23, 2010):

As the country was sinking into its worst financial crisis in more than 70 years, Security and Exchange Commission employees and contractors cruised porn sites and viewed sexually explicit pictures using government computers, according to an agency report obtained by CNN.

“During the past five years, the SEC OIG (Office of Inspector General) substantiated that 33 SEC employees and or contractors violated Commission rules and policies, as well as the government-wide Standards of Ethical Conduct, by viewing pornographic, sexually explicit or sexually suggestive images using government computer resources and official time,” said a summary of the investigation by the inspector general’s office.

More than half of the workers made between $99,000 and $223,000. All the cases took place over the past five years.

“It is nothing short of disturbing that high-ranking officials within the SEC were spending more time looking at pornography than taking action to help stave off the events that brought our nation’s economy to the brink of collapse,” said Rep. Darrell Issa. The Republican is the ranking member of the House Committee on Oversight and Government Reform.

“This stunning report should make everyone question the wisdom of moving forward with plans to give regulators like the SEC even more widespread authority,” he said. “Inexplicably, rather than exercise its existing regulatory enforcement authority, SEC officials were preoccupied with other distractions.”

SEC spokesman John Nester said the employees involved have been disciplined or are being disciplined. Some have been suspended or dismissed, he said, adding that the SEC has further increased penalties for misusing government resources in recent months.

“We will not tolerate the transgressions of the very few who bring discredit to their thousands of hardworking colleagues,” he said.

The investigation came to light on the same day President Obama gave a speech in lower Manhattan, calling for reform in the finance industry….

The inspector general’s report includes specific examples of misuse by employees.

A regional office staff accountant tried to access pornographic websites nearly 1,800 times, using her SEC laptop during a two-week period. She also had about 600 pornographic images saved on her laptop hard drive.

Separately, a senior attorney at SEC headquarters admitted to downloading pornography up to eight hours a day, according to the investigation.

“In fact, this attorney downloaded so much pornography to his government computer that he exhausted the available space on the computer hard drive and downloaded pornography to CDs or DVDs that he accumulated in boxes in his office,” the inspector general’s report said.

Read the entire article here
Download and read the official summary of the cases here

posted by: Harold Johns III

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