SEC Freezes Document Destruction After Grassley, Whistleblower Inquiry

Statement

Sen. Chuck Grassley of Iowa today made the following comment on the Securities and Exchange Commission's directive to staff to stop destroying investigative documents until further notice. Last month, Grassley urged the agency to explain and address a whistleblower's contention that thousands of documents relating to preliminary investigations were routinely destroyed. Grassley comment:

"This agency has been in knots over its documents policy. It makes sense to stop destroying records until it figures this out. The agency and the National Archives need to determine what records have to be kept, both for what's logical for investigations and what's necessary under federal law. It took a whistleblower, a Senate inquiry and media coverage to get to this point. The agency needs to do the right thing going forward."

Source