Oversight Committees to Probe SEC's Management Practices

SUBCOMMITTEE ON TARP, FINANCIAL SERVICES AND BAILOUTS OF PUBLIC AND PRIVATE PROGRAMS

THE HONORABLE PATRICK MCHENRY, CHAIRMAN

&

SUBCOMMITTEE ON GOVERNMENT ORGANIZATION, EFFICIENCY AND FINANCIAL MANAGEMENT

THE HONORABLE TODD RUSSELL PLATTS, CHAIRMAN

will hold a hearing entitled

“Financial Management, Work Force, and Operations at the SEC: Who’s Watching Wall Street’s Watchdog?”

ON THURSDAY, MARCH 10TH AT 1:30 PM

Oversight Subcommittees to Probe SEC’s Management Practices

WASHINGTON, D.C – This hearing will provide Members of the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs and the Subcommittee on Government Organization, Efficiency and Financial Management with an opportunity to explore current and historical problems with the SEC’s management practices.

The hearing will ask questions about the agency’s handling of Mr. David Becker’s conflict of interest regarding the Madoff case and how it relates to those management problems. The hearing will also examine the way management handled 2010’s employee pornography scandal and audits of the SEC’s internal controls.

Information for the hearing is below. The hearing will be posted online at https://oversight.house.gov later in the day.

Read the joint press release from Rep. Issa/Sen. Grassley.

Title: Financial Management, Work Force and Operations at the SEC: Who’s Watching Wall Street’s Watchdog?

Date: Thursday, March 10, 2011

Start Time: 1:30 p.m.

Location: Room 2154 Rayburn House Office Building

Witnesses:

• Mary Schapiro

Chairman, Securities and Exchange Commission

• Jeffrey Risinger

Director of Human Resources, Securities and Exchange Commission

• Jonathan (“Jack”) Katz

Former Secretary, Securities and Exchange Commission

• Helen Chaitman, Esq.

Becker & Poliakoff, P.A.

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