The House Committee on Financial Services has scheduled a Full Committee Meeting for Monday, January 5, 2009, at 2:00 p.m., to hear testimony on “Assessing the Madoff Ponzi and the Need for Regulatory Reform.” Witnesses will reportedly include H. David Kotz, SEC Inspector General; Stephen P. Harbeck, President, SIPC; Harry Markopolos, who tried for years to get the SEC to investigate Madoff; and several others. Additional details are available on the Enforcement Action blog (click here).
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[...] The U.S. Senate Banking Committee will hold a hearing on January 27 to examine Wall Street financier Bernard Madoff’s alleged $50 billion fraud, a committee aide stated today. The Senate’s planned hearing follows the House Financial Services Committee’s hearing on January 5, previously discussed here. [...]