WASHINGTON AP - Disgraced money manager Bernard Madoff has been prohibited from working in the securities industry under a settlement with the Securities and Exchange Commission.Madoff is barred from associating with any brokerage or investment firm, according to documents released Tuesday by the SEC that stem from a settlement he reached with the agency in February.
June 17, 2009 at 12:00 AM
1 minute read
WASHINGTON AP – Disgraced money manager Bernard Madoff has been prohibited from working in the securities industry under a settlement with the Securities and Exchange Commission.
Madoff is barred from associating with any brokerage or investment firm, according to documents released Tuesday by the SEC that stem from a settlement he reached with the agency in February. The deal eventually could force Madoff to pay a civil fine and return money raised from investors.
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