Browsing: Securities and Exchange Commission

Thinking new–so hard to do. Set it to music and that might be the refrain of a new report on how federal workers view their agencies’ attitude toward the cutting edge. Only about 40 percent of feds believe that agencies reward creativity and innovation, the Partnership for Public Service found. And although more than nine out of ten say they are looking for fresh approaches to doing their jobs better, just 59 percent feel encouragement from higher-ups “to come up with new and better ways of doing things.” In the private-sector workforce, the comparable figure is 71 percent. Overall, the…

Two-dozen past and present Securities and Exchange Commission employees are probably breathing easier. The reason? A federal judge ruled against making their names public after they got caught watching pornography and other sexual images on the job. In a Freedom of Information Act lawsuit filed this May, Denver attorney Kevin Evans had argued that government workers who “knowingly and intentionally” used taxpayer-financed property to engage in misconduct had no right to privacy. In a ruling last week, U.S. District Judge Christine Arguello disagreed. Not only were their privacy rights intact, Arguello wrote in an interesting line of judicial reasoning, but…

Congress has given final approval to legislation shutting down controversial Freedom of Information Act exemptions for the Securities and Exchange Commission, according to its sponsor, Sen. Patrick Leahy, D-Vt. The measure now goes to President Obama. The exemptions, tucked into the financial services overhaul enacted in July, allowed the SEC to withhold some records gathered from hedge funds and other financial entities that it regulates. Without the new provisions, SEC Chairwoman Mary Schapiro argued, such entities could be reluctant to cooperate during examinations out of concern that sensitive records could become public. But critics said existing FOIA exemptions were adequate…