Is the SEC Covering Up Wall Street Crimes?

The Securities and Exchange Commission has destroyed thousands of documents relating to inquiries about large financial firms from both United States and Europe. A whistle blower from the agency maintains that the SEC has been doing this for two decades, destroying documents after a preliminary investigation is closed. Documents compiled about Lehman Brothers, Bernard Madoff, Goldman Sachs, Deutsche Bank and AIG before the financial crisis of 2008 were all destroyed. The documents comprised over 18,000 different cases and the act of document destruction was clearly listed as an official policy on the SEC website. The situation at the SEC is one were officals frequently leave the SEC to go work at some of the very same companies that they have been charged to investigate in the past.