SEC Inspector General Calls For Stronger Enforcement

Law360, New York (September 29, 2009, 6:01 PM EDT) -- U.S. Securities and Exchange Commission Inspector General H. David Kotz has called for improved training and communication in the agency’s Division of Enforcement in order to prevent future Bernard L. Madoffs from slipping by investigators.

Kotz released his 21-recommendation report Tuesday, just under a month after he found SEC enforcers ignored “ample information” that Madoff was involved in a massive Ponzi scheme.

That scheme, in which Madoff bilked investors of an estimated $65 billion and earned himself 150 years in federal prison, continued until Madoff confessed,...
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