The Securities And Exchange Commission Destroys Records?

The Securities and Exchange Commission is under scrutiny for allegedly destroying records in on-going cases. A whistleblower in the agency's enforcement division reached out to Sen. Chuck Grassley (R-Iowa) alleging that documents related to thousands of preliminary investigations had been destroyed. The National Archives said that they reached out to the SEC a year ago after they heard similar allegations of unauthorized disposal of documents. An upcoming Rolling Stone magazine article about the whistleblower has prompted Grassley to reach out to SEC Chairman Mary Schapiro for more information. The National Archives said it worked with the agency and was "satisfied" that the destruction had stopped.