Post-Madoff SEC Report Targets Investigation Process

Law360, New York (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.

SEC Inspector General David Kotz released a report Thursday detailing the agency’s review process for examining advisers and proposed 11 recommendations he believes will strengthen the agency’s...
To view the full article, register now.