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Post-Madoff SEC Report Targets Investigation Process

By Liz McKenzie (November 20, 2009, 3:12 PM EST) -- After letting Bernard Madoff's massive $50 billion Ponzi scheme slip by largely unnoticed, the U.S. Securities and Exchange Commission's Office of the Inspector General has issued a report that takes a long, hard look at the process currently used to single out investment advisers for investigation and suggests how to repair the fraud detection methods that failed Madoff investors....

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