The SEC has failed to investigate most...
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The SEC has failed to investigate most reports of suspicious foreign trading of U.S. securities despite a growing number of illegal trades originating from abroad, a House panel said. A report by the Government Operations Committee said the SEC had actively investigated only 61 of 229 reports from stock exchanges of suspicious foreign trades in 1986 and 1987. The 168 incidents not investigated were reported to involve gross potential profits of at least $38.1 million.
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