According to former SEC employee and whistleblower Darcy Flynn, as reported by Matt Taibbi in Rolling Stone in 2011, the agency routinely destroyed thousands and thousands of MUI documents related to investigations of alleged crimes committed by Deutsche Bank, Goldman Sachs, Lehman Brothers, SAC Capital, and other financial companies involved in the Great Recession that the SEC was supposed to have been regulating.
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The American Spectator published an article in 2006 by Peter Wallison criticizing this practice, and arguing that it was too difficult for SEC employees to close investigations that it deemed unwarranted.
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