WASHINGTON AP – A partner in big accounting firm PricewaterhouseCoopers has been named to head a key division of the Securities and Exchange Commission blamed for contributing to the breakdown that allowed Bernard Madoff’s multibillion-dollar fraud to go undetected for 16 years.
SEC Chairman Mary Schapiro appointed Carlo V. di Florio the new director of the SEC’s Office of Compliance Inspections and Examinations, which conducts inspections of brokerage firms, investment advisers, hedge fund managers, mutual funds and other entities, the agency announced Monday.
