Wednesday, August 5, 2009

Will Obama Keep His Promise to Federal Whistleblowers?

Gary Aguirre, a former U.S. Securities and Exchange Commission investigator, says he was fired after blowing the whistle on what he described as "preferred treatment" towards John Mack during an insider trading investigation. Mack was set to become the Chief Executive Officer of Morgan Stanley, and whistleblower lawyer Los Angeles said his colleagues at the SEC were unwilling to question Mack. "I was told that it would be very difficult to get approval to take his testimony because of his powerful political connections," Aguirre told ABC News. Aguirre's accounts were the catalyst of several hearings on Capitol Hill about the SEC's enforcement of Wall Street regulation, but "Wall Street has long tentacles," said Aguirre, "and those tentacles reached into the SEC and cost me my job."