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SEC Officials Watch Porn, not Wall Street

The financial industry may not be the only thing that needs regulating in this country. A new report, by the Securities and Exchange Commission's internal watchdog, has revealed that some of the high-level regulators spent more time on porn websites than overseeing Wall Street. Thirty-one employees from the SEC, appointed to sheriff the financial industry, were found to be serious offenders, with 17 of those being senior SEC officers with six-digit salaries. One senior attorney spent up to eight hours a day accessing Internet porn, while another accountant tried to access porn sites 1,800 times in two weeks. Coincidentally, the report notes that many of these cases began just as the financial system began to tank.