Federal Reserve Alert! Federal Reserve Board issues enforcement action with former employee Joseph Jiampietro, former managing director of Goldman Sachs Group, Inc.--he is permanently barred from the banking industry stemming from his unauthorized use and


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Jiampietro agreed to the prohibition, stemming from his unauthorized use and disclosure of confidential supervisory information.

Confidential supervisory information includes bank examination reports and other confidential reports prepared by banking regulators. It is illegal to use or disclose confidential supervisory information without prior approval of the appropriate banking regulator.

What I would like to know: Does this supervisory information connect to the SEC's systems at all? If so, was it the deficiency the SEC copped to the other day that allowed this information to get to Jiampietro to begin with?

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