Thursday, September 03, 2009

 

Probe Finds SEC Never Did Competent Probe of Madoff

The watchdog of the Securities and Exchange Commission has found that the agency consistently mishandled its investigations of Bernard Madoff's business, despite ample warnings of the multibillion-dollar fraud.

But SEC inspector general David Kotz's report found no evidence of any improper ties between agency officials and Madoff.

Probe Finds SEC Never Did Competent Probe of Madoff
Source: Insurance News Net

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