It's official. The Federal Deposit Insurance Corp. and the Securities and Exchange Commission have the same watchdog monitoring their work, temporarily at least.
The SEC on Wednesday named Jon Rymer as the agency's interim inspector general, expanding on the day job Rymer has had for six years as the FDIC's inspector general.
Rymer's temporary SEC appointment appears meant to give that agency's watchdog office a little stability. The office has been investigated for alleged misconduct under former SEC Inspector General H. David Kotz. The allegations reportedly were brought by David Weber, an assistant inspector general.
Weber has in turn been placed on leave after other employees raised security concerns about him. (Weber's attorney says his colleagues are retaliating against him.)
Rymer's new appointment will last until the SEC finds a permanent inspector general.
Noelle Maloney, who had been serving as the SEC's interim inspector general, will resume her role as deputy inspector general.