Misconduct investigations jumped 41% in Q4, SIGTARP says

02/1/2010 | Bloomberg · Financial Times (tiered subscription model)

Civil and criminal inquiries into misconduct in connection with the Troubled Asset Relief Program surged 41% in the fourth quarter, said Neil Barofsky, the U.S. program's special inspector general. Offices are being opened in New York, Los Angeles and San Francisco to support the investigations, he said in a report to Congress. Barofsky said his office will look into accusations that bank executives and their associates engaged in insider trading based on nonpublic TARP information.

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Bloomberg · Financial Times (tiered subscription model)

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