by Mike Masnick
Wed, Dec 19th 2007 4:43pm
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.
If you liked this post, you may also be interested in...
- EFF Asks Court To Reconsider Ruling That Would Make Violating Work Computer Policies A Criminal Act
- Congress Continues To Withhold Congressional Research Service Documents From The Public
- Fast Track Bill Back On The... Fast Track After Senate Deal
- House Votes For USA Freedom Act By Overwhelming Margin; Now Up To The Senate
- Court To Homeland Security: Wait, No, You Can't Just Take Anyone's Laptop At The Border To Bring Somewhere To Search