The antiquated Securities and Exchange Commission's computer system prevents investigators from safeguarding U.S. market integrity. "It's like working with one hand tied behind their backs," Republican Sen. Chuck Grassley commented about the Dec. 17 release of the Government Accountability Office (GAO) report he'd initiated - "SEC: Opportunities Exist to Improve Oversight of Self-Regulatory Organizations." Why can't the government with the world's most advanced computer technology and capabilities equip its agencies with state-of-the-art systems allowing them to better monitor markets and transactions, including illegal activities? In response to the GAO criticism, SEC Chairman Christopher Cox acknowledged, "additional information-technology changes such as these may help the [SEC] enforcement staff to effectively analyze trends, manage current caseloads and focus areas of investigation." But all federal officials - not just at the SEC - should worry about much more than insider trading.
Take terror financing. So far, no U.S. official at any level, including presidential candidates from both parties, has publicly addressed how radical Muslim groups and Islamic terror organizations raise major sums to facilitate the murder of Americans in Afghanistan, Iraq and elsewhere, among other things. Read More ...
Source: The Washington Times
H/T: Jihad Watch
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