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Archive for the ‘Bernie Madoff’ Category


Did anyone at the SEC get in trouble for not preventing Madoff’s Crimes?

In light of all of the carnage that Madoff’s Pyramid scheme created, the lingering question is…..did anyone at the SEC ever get reprimanded for a blatant lack of supervisory effectiveness? The answer is apparently yes….the proverbial “slap on the wrist.” Apparently the harshest punishment was just a 30 day suspension with some loss of pay. [...]

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