SEC Pledges Post-Madoff Expansion, Reform

Law360, New York (October 9, 2009, 1:18 PM EDT) -- The U.S. Securities and Exchange Commission is extensively reforming its programs to foster and enforce compliance with federal securities laws in the wake of its failure to detect Bernard L. Madoff's Ponzi scheme, the agency has said.

In a draft strategic plan for fiscal years 2010-2015 released Thursday, the SEC pledged to vastly expand its training programs, hire staff with new skill sets, streamline management, revise enforcement and examination procedures and revamp the way it handles the hundreds of thousands of tips it receives annually....
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