Saturday, September 5, 2009
The SEC & Madoff
This weekend's WSJ provides even more details on how the SEC failed to uncover Madoff's antics, in spite of the numerous warnings that were provided to them. One especially nice addition is that they point us to the SEC's report, appropriately titled "Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme." This 477 page document will no doubt be a "must read" for many in our industry: some light reading for the Labor Day weekend perhaps?