Back To The Future: Is Disbanding OCIE The Answer?

Law360, New York (January 5, 2010, 2:37 PM EST) -- On Sept. 29, 2009, the Office of Inspector General of the U.S. Securities and Exchange Commission issued a report (the “IG Report”) evaluating the adequacy of examinations conducted by the Office of Compliance Inspections and Examinations (“OCIE”) in response to complaints regarding the activities of Bernard L. Madoff and his investment firm, Bernard L. Madoff Investment Securities LLC (“BMIS”).[1]

The IG Report was released following Madoff’s conviction for defrauding his clients of billions of dollars in one of the largest Ponzi schemes exposed to date, a...
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