Bloomberg reported today that the Securities and Exchange Commission (SEC) Inspector General H. David Kotz was accused by another SEC employee of misconduct during investigations of fraud by the SEC.
According to Bloomberg, Chairman Mary Schapiro and Commissioner Daniel Gallagher briefed House and Senate staff members from both parties May 10 about the allegations. The complaint may lead to an inquiry into whether Inspector General H. David Kotz engaged in conduct that could have compromised the integrity and independence of the investigations, according to the people. Kotz, now a managing director in the Washington office of investigation firm Gryphon Strategies, didn’t respond to an email and phone call seeking comment. Kotz denied Weber’s allegations, Reuters reported May 10.
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