Once again, the WSJ comments are more interesting than the story. Commenters seem evenly divided between the “Barry’s government is incompetent” and the general acceptance of the idea that the SEC is thoroughly bought off:
Federal securities regulators, in a sensitive breach, inadvertently revealed the identity of a whistleblower during a probe of a firm that ran a stock trading platform.
The gaffe by the Securities and Exchange Commission occurred during an investigation of Pipeline Trading Systems LLC when an SEC lawyer showed an executive who was being questioned a notebook from the whistleblower filled with jottings about trades, calls and meetings. The executive says he recognized the handwriting.