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Securities Industry Regulator Having Trouble Regulating Securities Industry Regulator

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"The U.S. Securities and Exchange Commission did not properly vet as many as 70 contractors with possible criminal records, including one man who later assaulted his girlfriend in a lobby at SEC headquarters, the agency's internal watchdog has found...SEC spokesman John Nester said the agency has implemented numerous changes since the report was completed, from installing additional physical security barriers to putting the SEC's security staff in charge of criminal background checks instead of human resources." [Reuters]

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