SEC Computer System Not So Great For Catching Insider Trading

from the whoops dept

Well if the FBI can have a terrible computer system that’s useless at catching terrorists, should it really be much of a surprise that the SEC has a computer system that isn’t particularly useful at catching insider trading? That, at least, is the word from the Government Accountability Office (GAO) in its latest report to Congress. Apparently the GAO found that the SEC’s computer system can’t even search referrals from its own investigators concerning insider trading. Of course, what’s not clear (at least from the article) is how much the SEC paid for this computer system… and how much more it will cost to get one that’s actually useful.

Filed Under: , , , ,

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “SEC Computer System Not So Great For Catching Insider Trading”

Subscribe: RSS Leave a comment
Jeff (user link) says:


This kinda stuff isn’t acceptable any more, not when you can just go get one of those ridiculous what-do-you-guys-think/what’s-the-best-way-to articles posted on Slashdot and receive more advice from professional (and unprofessional) nerds than you ever needed or even wanted.

Reminds me of the Colorado Department of Revenues network (the DMV uses this network), which recently received a major and expensive overhaul…and then it stopped working, and continues to go down at least twice a day with no moves being made to fix any of it.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...