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Review of SEC Found No Improper Motive Behind Document Disposal

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Nov. 1 (Bloomberg) -- A review of the Securities and Exchange Commission did not find evidence of an improper motive behind a policy to dispose of all documents relating to “matters under inquiry” that were closed without becoming investigations, the agency’s Office of Inspector General said in a report posted on the SEC website.

The document disposal policy was discontinued in July 2010.

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net

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