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.
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Filed Under: computers, congress, gao, insider trading, sec
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Oops
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Not surprising
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sigh
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.
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