Speaking on CNN Friday morning, Labor Secretary Elaine Chao said the president had appointed a separate task force to review the accounting standards issues.
The SEC's operations became the subject of a review by the Government Accounting Office after Grassley and others demanded more accountability from the agency on its handling of Aguirre's investigation into possible insider trading at Pequot in 2001.
The fraud was discovered when the accounting firm I was working for at the time discovered it during a due diligence review that we were performing on behalf of our client that was going to purchase Cenco.