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6:52 am, August 31, 2014

SEC News

SEC employees harness big data, cloud to open up savings and new possibilities

The Securities and Exchange Commission is responsible for billions of financial trade records a day, but it took the agency weeks and months and analyze them. The SEC quietly found a way to speed up that process and save about $3 million at the same time. In part four of our special report, ,Rainmakers and Money Savers, Federal News Radio goes behind the scenes of the Securities and Exchange Commission to examine the work federal employees are doing on a daily basis, resulting in millions of dollars going straight into the federal coffers.

Thursday - 08/14/2014, 04:46am EDT
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FTC, SEC using cloud to create path to innovation

Bajinder Paul, the Federal Trade Commission CIO, said a new modernization roadmap will bring operational capabilities to employees, aggregate policies and major acquisition initiatives across the agency and, most importantly, create a path for innovation.

Friday - 08/08/2014, 09:07am EDT
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Hussain's forensic accounting helps SEC crack securities fraud cases

The Partnership for Public Service named Sofia Hussain, a forensic account with the Securities and Exchange Commission, as a finalist for the 2014 Call to Service Medal.

Friday - 06/06/2014, 04:05pm EDT

Push for more federal data transparency gaining momentum on Capitol Hill

House leaders say the DATA Act has a good chance at becoming law this session. Support for the bill from the Senate and the White House seems to be increasing.

Wednesday - 09/11/2013, 11:50am EDT
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SEC investigates IBM's cloud computing revenue

IBM says SEC looking into how it reports sales for its cloud-computing business

Thursday - 08/01/2013, 06:10am EDT

Global network of hackers steal $45m from ATMs

Seven people were arrested in the U.S., accused of operating the New York cell of what prosecutors said was a network that carried out thefts at ATMs in 27 countries from Canada to Russia.

Friday - 05/10/2013, 11:41am EDT

Senate confirms White to head SEC

The U.S. Senate has confirmed Mary Jo White's nomination as chairman of the Securities and Exchange Commission, making her the first former prosecutor to lead the federal agency that oversees Wall Street.

Monday - 04/08/2013, 06:26pm EDT

Senate panel to question Obama's SEC nominee

Mary Jo White, Obama's pick to lead SEC, faces Senate panel; confirmation expected

Tuesday - 03/12/2013, 11:30am EDT

Federal Drive Interviews -- Feb. 19, 2013

GAO's Mark Gaffigan talks about how the federal government will experience increased fiscal exposure due to climate change. Gary Somerset discusses the GPO's new Pinterest page. On Legal Loop, procurement attorney Joe Petrillo discusses a change in status for the Alaska Native Corporations. John Plaguta of the Partnership for Public Service discusses the critical skills gaps in the federal workplace. Former SEC Chairman Harvey Pitt talks about rule writing in the wake of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Tuesday - 02/19/2013, 08:38am EST

Top white-collar crime prosecutor to lead SEC

President Barack Obama on Thursday nominated Mary Jo White, a former U.S. attorney who built a reputation prosecuting white-collar criminals, terrorists and mobsters, to lead the Securities and Exchange Commission. The agency has a lead role in implementing changes on Wall Street.

Thursday - 01/24/2013, 03:06pm EST

Federal Drive Interviews -- Jan. 16, 2013

Cindy Auten of the Telework Exchange talks about a new report on BYOD. Robert Khuzami explains why he is stepping down as the SEC's enforcement director. Peter Schroeder of The Hill newspapers discusses the looming debt-ceiling showdown.

Wednesday - 01/16/2013, 10:41am EST

SEC official Elisse Walter chosen to lead agency

President Barack Obama has chosen Elisse Walter, one of five members of the Securities and Exchange Commission, to head the agency. Chairman Mary Schapiro will leave next month after a tumultuous tenure in which she helped lead the government's regulatory response to the financial crisis.

Monday - 11/26/2012, 02:46pm EST

Schapiro stepping down after leading SEC in crisis

Mary Schapiro is stepping down as chairman of the Securities and Exchange Commission after helping lead the Obama administration's regulatory response to the 2008 financial crisis.

Monday - 11/26/2012, 12:55pm EST

Planning key to cloud success, agency CIOs say

A number of agencies have made high-profile migrations to cloud platforms and the Obama administration has issued sweeping guidance mandating agencies identify and transition services and applications to host in the cloud. For a look at how agencies are faring in their shifts to the cloud and the issues they continue to face, the Federal Drive with Tom Temin and Emily Kopp hosted a panel discussion, "Clearing the Fog Around Cloud Computing," sponsored by Level 3 Communications.

Friday - 09/28/2012, 11:00am EDT
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SEC working smarter to focus on innovation

Thomas Bayer, the SEC CIO, said he reduced his operations and maintenance spending by $15.5 million last year and used those savings for business and mission systems.

Thursday - 08/09/2012, 03:27pm EDT
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FBI, SEC and Labor Department investigate possible data leaks

Federal criminal and civil investigators looked into possible leaks of economic data that the government provides early to news organizations, according to a report released Tuesday by the Labor Department.

Tuesday - 07/10/2012, 05:55pm EDT

Cybercrime disclosures rare despite new SEC rule

Hackers broke into computers at hotel giant Wyndham Worldwide Corp. three times in two years and stole credit card information belonging to hundreds of thousands of customers. Wyndham didn't report the break-in in corporate filings even though the Securities and Exchange Commission wants companies to inform investors of cybercrimes.

Friday - 06/29/2012, 03:30am EDT

House committee remains mum on federal pay raises

The Financial Services and General Government spending bill seeks to cut $2 billion from the president's request. The bill says nothing about granting feds a pay raise in 2013. The House committee follows the lead of Senate appropriators, which also remained silent on the issue.

Thursday - 06/21/2012, 05:43am EDT
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IG vacancies hinder efforts to root out fraud

A dozen agencies have no permanent inspector general and some have been without one for several years, according to an IG tracker by the Project on Government Oversight.

Monday - 02/20/2012, 08:50am EST
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Former SEC IG reflects on 4-year tenure

David Kotz has had a front row seat for some of the largest scandals of our time, including the Bernie Madoff Ponzi scheme. He reflects on his tenure as the inspector general of the Securities and Exchange Commission. Kotz's last day on the job was Friday.

Thursday - 02/02/2012, 10:35am EST
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