SEC mishandled Madoff probes, agency watchdog says

Inexperienced Securities and Exchange Commission investigators bungled repeated opportunities over 16 years to expose Wall Street scam artist Bernard Madoff, the SEC's inspector general revealed in a devastating report released Wednesday."Despite numerous credible and detailed complaints, the SEC never properly examined or investigated Madoff's trading and never took the necessary, but basic, steps to determine if Madoff was operating a Ponzi scheme," Inspector General H. David Kotz concluded in...Full Story
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