There's no evidence the SEC attempted to shield Putnam Investments from whistleblower Peter Scannell's market timing allegations in 2003, according to findings from an internal SEC review that was made public Thursday and picked up by Reuters.

Inspector General David Kotz wrote in his report that his staff found no evidence of "staff misconduct" in the way the commission addressed Scannell's concerns. Kotz also wrote that the exit of an official from the SEC was not necessarily tied an effort to shield Putnam.

Putnam was among the fund firms hit with market timing allegations in 2003. The Boston firm settled the allegations for $193.5 million. 

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