SEC in the dock over Madoff fraud

Editor's blog

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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