The US Securities and Exchange Commission (SEC) is under fire after a recent report detailed a series of “avoidable” mistakes from the watchdog’s IT department that resulted in the loss of records linked to crypto enforcement actions during Gary Gensler’s tenure.

IT ‘Oopsie’ Wipes Gensler’s Texts

The SEC’s Office of Inspector General (OIG) has shared the final report detailing the findings of its review of the Office of Information Technology’s (IOT) actions that led to the loss of former SEC Chairman Gary Gensler’s text messages between 2022 and 2023.

According to the September 3 report, the OIT implemented a “poorly understood and automated policy” in August 2023 that caused “an enterprise wipe of Gensler’s government-issued mobile device.”

Seemingly, Gensler’s government-issued de

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