SEC in the dock over Madoff fraud
The SEC is in serious trouble after being caught asleep at the wheel by Madoff's con
Congressional gun sights are zeroing in on the US Securities and Exchange Commission (SEC) in Washington, DC. Less than a year after the US Treasury's March 2008 regulatory blueprint, events on the ground threaten to re-forge the US regulatory community. The shock of the epic $50 billion Madoff fraud - increasingly dubbed the world's greatest Ponzi scheme - might see the SEC as the first casualty of any Obama reformation of the regulatory community.
President-elect Barack Obama has signalled the
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