As revealed by a recent GAO report, the SEC has had its share of challenges as it attempts to bolster enforcement of the securities markets: inadequate IT resources, no knowledge management system in place, little support staff, confounding reporting structures, bureaucratic internal review processes, and so on.
But, hey, look on the bright side! At least it doesn’t have an entire department sent home and quarantined after being exposed to the swine flu like what’s going on now at the FSA, its UK counterpart.
An FSA spokesperson confirmed over the weekend that an entire department of the regulator is at home in quarantine after a colleague returned from the US with probable swine flu. The Telegraph reports that he male employee is awaiting the outcome of medical tests for the disease. “He was in the office for just one day after his return,” she said. “Since it is a probable case the Health Protection Agency advises that it is treated as if it is a confirmed case, so we have sent 10 colleagues home.”