Recall the saga of Gary Aguirre, the former SEC staff lawyer who was forced out after he complained that his bosses were getting in the way of his insider trading investigation of Pequot Capital. In particular, they quashed his attempts to interview John Mack, then CEO, who just happens to be a big GOP donor and now the CEO of Morgan Stanley. Well, the Senate Finance and Judiciary committees have weighed in with a 108-page report, which seems to vindicate (to some extent) Aguirre, who made a huge stink about the situation. While the report said there was no wrong doing, it also said the SEC bungled the investigation, in part by letting lawyers for potential witnesses have access to high level SEC officials without the investigator. Not sure what will come of this, despite Aguirre's pleas to clean house.

For more:
- here's the New York Times article