SEC's Schapiro under fire in Madoff conflict case

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Mary Schapiro, chair of the US Securities and Exchange Commission (SEC), came under fire yesterday for her role in the Bernard Madoff fraud investigation, in particular regarding the behaviour of former SEC general counsel David Becker. A report published earlier this week by the SEC's inspector-general, David Kotz, concludes Becker had broken conflict-of-interest rules through his involvement with Madoff and refers the issue to the Justice Department.

According to Kotz’s report, Becker

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