SEC officials ‘lawyering up’
By David S. Hilzenrath,
WashPost
Published: September 14
Under intense scrutiny from congressional critics and a probing inspector general, current and former Securities and Exchange Commission officials have been lawyering up, sometimes at their own expense.
The practice reflects the highly charged atmosphere at the SEC and one of the costs of government service when investigations can put careers, reputations and more on the line.
It goes all the way to the top.
On an afternoon in April, when SEC Chairman Mary Schapiro met privately with members of the inspector general’s office to give sworn testimony on a $557 million lease for office space the agency did not need and could not afford, SEC Inspector General H. David Kotz asked a person accompanying Schapiro to identify himself.
The man said he was Richard Sauber, “counsel for Ms. Schapiro,” according to a record of the session. Sauber is a partner in a Washington law firm and a veteran of the Justice Department.
(More here.)
WashPost
Published: September 14
Under intense scrutiny from congressional critics and a probing inspector general, current and former Securities and Exchange Commission officials have been lawyering up, sometimes at their own expense.
The practice reflects the highly charged atmosphere at the SEC and one of the costs of government service when investigations can put careers, reputations and more on the line.
It goes all the way to the top.
On an afternoon in April, when SEC Chairman Mary Schapiro met privately with members of the inspector general’s office to give sworn testimony on a $557 million lease for office space the agency did not need and could not afford, SEC Inspector General H. David Kotz asked a person accompanying Schapiro to identify himself.
The man said he was Richard Sauber, “counsel for Ms. Schapiro,” according to a record of the session. Sauber is a partner in a Washington law firm and a veteran of the Justice Department.
(More here.)
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