SEC

Madoff Records Are “Utterly Unreliable”

Dec. 17 (Bloomberg) — Bernard Madoff’s ability to avoid scrutiny from U.S. regulators for years shows that the monitoring system is “broken and has to be fixed,” former Securities and Exchange Commission Chairman Arthur Levitt said. Levitt, a senior adviser to Carlyle Group, said today in a Bloomberg Radio interview that the SEC must respond […]

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SEC Under Scrutiny in Madoff Case

Senator: The SEC “Letting Down the American People” ABC NEWS By BRIAN ROSS and RICHARD ESPOSITO Dec. 15, 2008— As the list of victims continues to grow and investigators examine how Bernard Madoff allegedly ran his massive scam, some are questioning how Madoff avoided detection for so long. As a registered investment advisor since 2006, […]

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More Republicans For Obama’s Cabinet

CHICAGO, Illinois (CNN) President-elect Barack Obama has picked GOP Rep. Ray LaHood of Illinois to be his nominee for transportation secretary, two sources told CNN on Wednesday. Two Democratic sources also said Obama will tap Mary Schapiro to head the Securities and Exchange Commission. Schapiro is CEO of the Financial Industry Regulatory Authority, the largest […]

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Bernie Madoff’s Son Mark Worked For New SEC Head

New SEC chief gave Bernard Madoff’s son a job Rosie Lavan TIMES ONLINE Mary Schapiro, Barack Obama’s choice to lead the Securities and Exchange Commission (SEC), previously appointed one of Bernard Madoff’s sons to a regulatory body that oversees American securities firms. It has emerged that in 2001, Ms Schapiro, currently chief executive of the […]

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