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U.S. Senate Banking Committee to Hold Hearing Jan. 27 to Examine Alleged Madoff Fraud
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. Reuters reports that Senate Banking Committee Chairman Christopher Dodd and [...]
CNBC Video: Prepared Congressional Testimony of SEC Insp. Gen. H. David Kotz
The prepared testimony of SEC Inspector General H. David Kotz before the House Committee on Financial Services on January 5, 2009 can be seen in this CNBC video. Kotz testified as part of the Committee’s hearing on “Assessing the Madoff Ponzi and the Need for Regulatory Reform.”
Schapiro Confirmation Hearing Expected Next Week
Mary Schapiro, selected by President-elect Obama to be the next Chairwoman of the SEC, will have her Senate confirmation hearing on Thursday, January 15, the WSJ reports. Schapiro is presently the president of the Financial Industry Regulatory Authority (FINRA), which oversees broker-dealers. Schapiro may face tough questioning about the Madoff scandal, as FINRA and its [...]
House Committee on Financial Services Madoff Hearing Begins at 2 PM Today, Can be Viewed Live
The House Committee on Financial Services is set to begin a Full Committee Meeting today at 2:00 p.m., to hear testimony on “Assessing the Madoff Ponzi and the Need for Regulatory Reform.” Among the witneses scheduled to appear today are H. David Kotz, Inspector General, SEC; and Stephen P. Harbeck, President, Securities Investor Protection Corporation. [...]
House Sets Hearing for Jan. 5 to Assess Madoff Ponzi, Reform
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 [...]