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BUSINESS
June 15, 2011 | Reuters
U.S. securities brokers would be more closely scrutinized by auditors and be subject to stricter oversight of their handling of customers' assets under a plan proposed by federal regulators. The proposal by the Securities and Exchange Commission is meant to improve oversight of broker-dealers in the wake of Bernard Madoff's massive Ponzi scheme. The SEC failed to catch Madoff's scheme despite multiple tips and agency examinations of his operations. Investors are still seeking to recover billions of dollars.
ARTICLES BY DATE
CALIFORNIA | LOCAL
April 12, 2014 | By Paige St. John
FRENCH CAMP, Calif. - California's $840-million medical prison - the largest in the nation - was built to provide care to more than 1,800 inmates. When fully operational, it was supposed to help the state's prison system emerge from a decade of federal oversight brought on by the persistent neglect and poor medical treatment of inmates. But since opening in July, the state-of-the-art California Health Care Facility has been beset by waste, mismanagement and miscommunication between the prison and medical staffs.
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SPORTS
February 9, 2008
I would like to see an economic stimulus package financed with the budget of this idiotic House Committee on Oversight and Government Reform. I admit that the whole drama of whether Roger Clemens and other baseball players used or did not use steroids is mildly entertaining. But in these troubled times, spending even five cents of tax money trying to uncover answers is an outrage. Last time I checked the newspaper, our government had bigger fish to fry. If Major League Baseball thinks that it has a drug problem, it should check itself into rehab, preferably on its own dime.
CALIFORNIA | LOCAL
April 10, 2014 | By Dan Weikel
Significant holes in record keeping at Los Angeles International Airport and inadequate oversight by the Federal Aviation Administration has made it difficult to ensure that millions of dollars in airport revenue are being spent properly for law enforcement, a new government audit has found. The review by the U.S. Department of Transportation's inspector general revealed that Los Angeles World Airports, the operator of LAX, has paid at least $7.9 million in the last few years to the Los Angeles Police Department without documentation showing that the services provided were airport-related.
SPORTS
December 20, 2013 | By Eric Sondheimer
 The U.S. District Court in Los Angeles has ended its oversight of a case involving Alhambra High and failure to comply with Title IX, the federal law regarding sex discrimination. The California Women's Law Center and Legal Aid Society-Employment Center brought the case, Cruz vs. Alhambra. Alhambra has since complied with terms of a settlement, building new softball fields and adding new teams for girls' athletics. "Alhambra High School's work in connection with this settlement shows that any high school in Californa can comply with Title IX, which has been law for over 40 years," said Elizabeth Kristen of the Legal Aid Society in a statement.
CALIFORNIA | LOCAL
February 15, 2013 | By Michael J. Mishak
SACRAMENTO -- The Legislature plans to hold a joint oversight hearing next week to probe California's scandal-plagued parks department. Controversy erupted last year with the discovery of a $54-million surplus in the agency's budget at a time when the deficit-plagued state was threatening to close dozens of parks. The revelation forced the parks director to resign and spurred calls for better oversight of the agency. The state attorney general's office subsequently determined that $20.4 million of the hidden money had been deliberately squirreled away because parks officials feared that their budget was going to be cut. The oversight hearing, set for Feb. 20, is to feature testimony from retired Marine Maj. Gen. Anthony Jackson , the newly appointed head of the Parks and Recreation Department, and focus on a series of financial reports revealing accounting problems.
BUSINESS
June 30, 2010 | Los Angeles Times
The House on Wednesday approved the most sweeping rewrite of financial rules since the Great Depression, and last-minute changes this week appeared to solidify support in the Senate and pave the way for the legislation to reach the White House later this month. The 237-192 House vote split sharply along partisan lines. Democrats charged in often-contentious debate that Republicans were protecting Wall Street from tough new regulations designed to prevent a repeat of the financial crisis and end the prospect of future government bailouts.
NEWS
February 20, 2014 | By Robert Greene
The Los Angeles County Board of Supervisors can set up a citizens' oversight commission that's meant to keep tabs on the sheriff, but it can't imbue that commission with any power that the board itself doesn't already have. The sheriff is an independently elected official, with powers established by the state Constitution. The board has no legal power to compel him to appear, testify, turn over documents, answer questions; so any oversight commission the board appoints would similarly lack that authority.
CALIFORNIA | LOCAL
February 26, 2014 | By Ari Bloomekatz
Join Times staff writers Robert Faturechi and Abby Sewell for a discussion at 1 p.m. Wednesday on civilian oversight of the Los Angeles County Sheriff's Department. L.A. County Supervisors on Tuesday voted for the newly appointed inspector general to work with interim Sheriff John L. Scott to study setting up a civilian commission that would oversee the department. Supervisors also appeared interested in trying to create a commission with sufficient legal authority so that it is not purely an advisory body.
CALIFORNIA | LOCAL
August 15, 2013 | By Patrick McGreevy
SACRAMENTO -- Nearly a decade after California voters approved a multibillion-dollar tax increase to improve mental health programs, the state has failed to provide proper oversight of county programs funded by Proposition 63, a state audit concluded Thursday. State Auditor Elaine Howle looked at the last six years during which time almost $7.4 billion from the Mental Health Services Act (MHSA) was directed to counties for mental health programs. “This report concludes that Mental Health [Department]
OPINION
April 10, 2014 | By Jeffrey H. Smith
Last week, the Senate Intelligence Committee, led by Sen. Dianne Feinstein (D-Calif.), voted to declassify parts of its report on the CIA's rendition, detention and interrogation program. The White House, the CIA and the Senate still have to negotiate which portions of the report will be redacted before it is made public. But this is an important step in resolving the ugly dispute that has erupted between the intelligence committee and the intelligence agency. The dispute presents two very serious questions.
CALIFORNIA | LOCAL
April 9, 2014 | By David Zahniser and James Rainey
Three months after it painted L.A. as a metropolis stumbling into decline, the Los Angeles 2020 Commission offered 13 recommendations Wednesday that it said would attract jobs and "put the city on a path to fiscal stability. " The group of prominent business, labor and civic leaders called on elected officials to enact a wide-ranging series of policy initiatives: increasing the minimum wage, combining giant twin harbors into a single port, altering oversight of the Los Angeles Department of Water and Power and bolstering efforts to promote regional tourism.
NATIONAL
March 26, 2014 | By Lalita Clozel
WASHINGTON - The head of the Internal Revenue Service said Wednesday that it would take years to turn over all the documents subpoenaed by the House Oversight and Government Reform committee in its investigation of the IRS' alleged targeting of conservative groups. During a confrontational hearing, IRS Commissioner John Koskinen said he needed more time to comply with the committee's request for the email correspondence of Lois Lerner, a former IRS official in charge of the agency's nonprofit division.
OPINION
March 25, 2014 | By The Times editorial board
It was no surprise last week when Los Angeles County Inspector General Max Huntsman recommended against renewing contracts with two agencies monitoring the Sheriff's Department. The same citizens commission that called for the creation of Huntsman's office also suggested that it absorb the functions of those other agencies, one of them established 22 years ago to report on excessive force and lax discipline, the other created nine years later to monitor the sheriff's handling of deputy misconduct allegations.
BUSINESS
March 19, 2014 | By Dominic Gates
SEATTLE - A review of crucial systems on Boeing's 787 Dreamliner ordered immediately after two serious 787 battery failures in January 2013 has concluded that the jetliner is safe, meets design standards and is about as reliable as other Boeing aircraft were after being introduced, according to a final report published Wednesday. The review, conducted by Federal Aviation Administration and Boeing Co. technical experts, also validates the oversight role played by the regulatory agency, concluding that "the FAA had effective processes in place to identify and correct issues.
NATIONAL
March 10, 2014 | By Molly Hennessy-Fiske
Fugitive secrets-leaker Edward Snowden made a rare video appearance Monday at the South by Southwest Interactive Festival in Austin, Texas, condemning mass government surveillance and urging members of the tech-savvy audience to take action against it. Speaking from Russia, where he was granted asylum, the former National Security Agency contractor said "absolutely, yes" he would leak secret government information again. Snowden has been charged with espionage for releasing a trove of intelligence-gathering secrets.
CALIFORNIA | LOCAL
September 17, 2013 | By Abby Sewell and Seema Mehta
Los Angeles County supervisors held a heated discussion but postponed a vote Tuesday on a proposal to set up a permanent citizens commission to oversee the county sheriff's department, which is under federal scrutiny over allegations of abuse of inmates and poor conditions for the mentally ill. The proposal is slated to return in three weeks for a vote, but a majority of board members indicated they opposed the plan. County Supervisors Mark Ridley-Thomas and Gloria Molina called for the commission after the U.S. Department of Justice announced that its civil rights division would investigate treatment of mentally ill inmates.
NEWS
May 14, 2013 | By Joseph Tanfani and Richard Simon
WASHINGTON -- Lax management oversight at the IRS led the tax-collection agency to target conservative groups for extra scrutiny for more than 18 months, causing some of their applications for nonprofit status to languish for more than three years, according to an inspector general's report. Workers at the IRS exempt-organizations division, in charge of screening applications for nonprofit status, selected for additional review groups that included references to the “tea party” -- a decision that wasn't reviewed by higher-ups at the agency in time, said the report by the Treasury Inspector General for Tax Administration.
NATIONAL
March 7, 2014 | By Richard Simon
WASHINGTON - Rep. Darrell Issa, the Republican chairman of the House oversight committee, has apologized to Rep. Elijah E. Cummings for adjourning a hearing while the panel's top Democrat was speaking. Apology accepted, Cummings said after receiving a call from the Vista, Calif., congressman Thursday night. Cummings, of Maryland, added in a statement that he hopes that as the House's top investigative committee moves forward, it "will seek resolution rather than unnecessary conflict.
OPINION
February 27, 2014 | By The Times editorial board
The sudden collapse of the Mt. Gox bitcoin exchange Tuesday demonstrated to the public just how risky the virtual currency can be. Prosecutors have rushed to investigate, and regulators in the U.S. and Japan, where Mt. Gox was based, are mulling how to extend their purview to bitcoin trades. One senator even called for a ban on the currency. Investors, however, have long been keenly aware of the perils associated with the volatile commodity. While the currency is in its infancy, those with little appetite for risk should stay away.
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