WASHINGTON AP - The Securities and Exchange Commission named six people on Wednesday to lead new investigative units and unveiled a new policy for rewarding prompt cooperation by those with knowledge of misconduct as the agency reorganizes its enforcement efforts.The SEC was scorched by its failure to detect the stunning, long-running fraud by money manager Bernard Madoff despite numerous red flags and credible warnings.
January 14, 2010 at 12:00 AM
1 minute read
WASHINGTON AP – The Securities and Exchange Commission named six people on Wednesday to lead new investigative units and unveiled a new policy for rewarding prompt cooperation by those with knowledge of misconduct as the agency reorganizes its enforcement efforts.
The SEC was scorched by its failure to detect the stunning, long-running fraud by money manager Bernard Madoff despite numerous red flags and credible warnings.
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