Investor Alert – Today’s Financial News and Stock Picks () () – MARKET SUMMARY – Dow INDU Closes at 12150.13 up 52.30 NASDAQ Closes at 2649.56 down 6.2 S&P 500 Closes at 1258.47 up 1.39 Crude Oil $/bbl -101.47 Gold, Mini $/oz – 1733.50 – TOP STORIES – Citigroup Planning to Layoff 4500 (Read the [...]
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Archive for the ‘Financial Fraud’ Category
Did anyone at the SEC get in trouble for not preventing Madoff’s Crimes?
By News Editor on Friday, November 11th, 2011 | No Comments
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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