SEC porn viewers collecting $222,418 per yr from taxpayers can do so in privacy forever per Obama bank and finance bill

.
"If a lawyer in private practice engaged in such activity and billed a client for it, which is the equivalent of what SEC lawyers did here to the taxpayers, the lawyer would be subject to disciplinary

• action against his or her license"...(7/28/10, SEC further exempted by Obama bill).
  

12/8/10, "SEC porn peepers' names to be kept secret," Washington Times, Jim McElhatton

"A federal judge has ruled in favor of protecting the identities of U.S. Securities and Exchange Commission employees caught surfing for pornography on their government computers, saying privacy interests win over the public's right to know.

In a ruling Tuesday, U.S. District Judge Christine M. Arguello in Denver also

• called the public's interest in the SEC employees' identities "negligible, at best."

"Disclosure in this case is not limited to the reputational embarrassment of having misused government property on official time, but rather extends to the embarrassment resulting from public knowledge that the conduct was of a sexual nature,"

• Judge Arguello, a 2008 appointee of President Bush, said in the 26-page ruling.

The ruling came in response to a lawsuit by a Denver law firm that sought to overturn an SEC decision to keep private the names and job descriptions of SEC supervisors caught searching for porn at work.

• "I am obviously disappointed by the decision," said Kevin D. Evans, partner and founding member of Steese, Evans & Frankel, the firm that filed the suit. "Essentially what this means is that as long as a government employee does not supervise too many people,
  

they can abuse and misuse taxpayer money without fear of public disclosure."

He also said he thought the SEC should refer cases involving lawyers to

• state bar commissions for disciplinary actions.

"I am equally offended because if a lawyer in private practice engaged in such activity and billed a client for it, which is the equivalent of what SEC lawyers did here to the taxpayers, the lawyer

• would be subject to disciplinary action against his or her license," Mr. Evans said.

The SEC had no comment on the court decision and whether officials referred any lawyers to state bar commissions for discipline. On the pornography cases in general, SEC spokesman John Nester said, "We take misuse of government time and equipment seriously, and will continue to seek prompt and appropriate discipline against offenders."

• Earlier this year, SEC officials said in public statements to The Washington Times and other media outlets, as well as in correspondence to Congress, that they've cracked down on porn snoopers and enacted tougher measures to uncover misuse of government computers.

n February, The Times reported on investigative case summaries obtained through the Freedom of Information Act and other records detailing about two dozen SEC employees and contractors who faced internal investigations for viewing pornography at work.

Among the cases was an enforcement branch chief suspended for one day after being caught looking up

• sex websites nearly 300 times over a two-month period.

In supplying the records, officials at the SEC's Office of Inspector General declined to release to The Times the names of those investigated, saying, among other reasons, that disclosure could subject employees to "harassment and annoyance in the conduct of their official duties and private lives."

In court documents, the SEC argued the privacy interests of those involved outweighed any interest the public had in learning the information.

• In addition, a former SEC employee investigated for looking at pornography at work also filed court papers in the Colorado lawsuit.

"Other than my spouse, none of my immediate or extended family, friends, current employer or any of my professional colleagues are aware of the investigation of me," the former employee said in court filings. The judge allowed the former SEC worker to file papers in the case as "John Doe."

"Disclosure of my identity in connection with the SEC's investigation would cause me severe personal and professional harm, including embarrassment and disgrace, as well as the possible loss of my current job, future employment opportunities and the ability to earn a living," Mr. Doe argued.

• Mr. Doe also said disclosures would "devastate my spouse and children as well as my extended family, and likely cause extreme harm to my family relationships."

But Mr. Evans argued in court papers that "there simply is no privacy interest associated with surfing porn on SEC computers during SEC work hours, particularly when these employees have admitted that

• they understood at the time they engaged in this activity that they were
  
• violating SEC policy and rules, as well as governmentwide standards of conduct."

In addition, Mr. Evans argued the case

• wasn't about sex.

"It is about the intentional, purposeful and repeated misuse and abuse of the public trust and government/public property and resources by at least 24 SEC employees and employees of seven government contractors," he argued in court."

####

• Obama's bank bill goes further, making all activities of the SEC exempt from public disclosure even by FOI:
  

7/28/10, "SEC says new financial regulation law exempts it from public disclosure," Fox Business News, by Dunstan Prial

• "So much for transparency.

Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission

no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act.

• The law, signed last week by President Obama, exempts the SEC from disclosing records or information derived from "surveillance, risk assessments, or other regulatory and oversight activities." Given that the SEC is a regulatory body,
  
• the provision covers almost every action by the agency, lawyers say. Congress and federal agencies can request information, but the public cannot.

That argument comes despite the President saying that one of the cornerstones of the sweeping new legislation was more transparent financial markets. Indeed, in touting the new law, Obama specifically said it would “increase transparency in financial dealings."...

“The next time there

• is a Bernie Madoff failure the American public will not be able to obtain the SEC documents that describe the failure,”
  

referring to the shamed broker whose Ponzi scheme cost investors billions."...

• Reference: 4/29/10, Freedom of Information Act documents were the only way taxpayers (who pay SEC salaries) had of finding out that even high level SEC employees were spending enormous amounts of time viewing porn. And that not one person has been fired as a result. Now it will be illegal for us who pay SEC salaries to know what they are doing on the job:

Washington Times: "The (SEC) attorney had looked up sex websites nearly

• 300 times, also over a two-month period. But his job appeared safe, too,
  

• after SEC management proposed a one-day suspension, records show.

Details about the sanctions are contained in reports to Congress and records obtained by The Washington Times through the Freedom of Information Act."...

• Reference: 2/10/10, "SEC guidance a boost for carbon disclosure," by Climate, Inc.

Instead of protecting citizens from Madoff Ponzi schemes and worthless employees who porn surf all day,

• the SEC is now devoting itself to global warming.
  

Even though global warming does not exist, the SEC now demands businesses explain

• how they will deal with and insure against this, the greatest Ponzi scheme ever.
  

via Lucianne.com