U.S. securities regulators missed repeated chances to uncover Bernard Madoff’s Ponzi scheme, a sharply critical review by a federal watchdog said on Wednesday.
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The SEC’s missed chances to catch Madoff
Posted by: Reuters Staff
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3 comments so far
Isn’t the SEC a federal government department? Thought so. End of story.
- Posted by FrankI find it unbelievable that the SEC was so consistently and massively incompetent at all levels for well over a decade with regards to investigating Madoff. There had to be senior individuals within the SEC who deliberately steered the investigations to not find Madoff guilty. A separate investigation of the SEC by an outsider is necessary to determine whether there was criminal behavior within the SEC or if the SEC really was that incompetent (and still is). This should be made a talking point for regulatory reform.
- Posted by MickCan someone please send me the password for the document on Scribd! It won’t open without the password!
- Posted by Isaac Muchengwa