At the request of the chairman of the Senate Finance Committee, the General Accountability Office will review two divisions of the Securities and Exchange Commission—the enforcement unit and the office of compliance, inspections and examinations, The New York Times reports.

Specifically, the Senate wants to find out how those divisions handle referrals, particularly from the NASD and New York Stock Exchange, how it handles investigations and how many referrals translate into enforcement actions. Senate Finance Committee Chairman Charles S. Grassley (R-Iowa) is particularly interested in how the SEC handles insider-trading investigations.

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