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SEC’s Dirty Laundry Report for April-Sept. 2009
IG’s office issues Semiannual Report to Congress on the SEC.
Madoff Report Exhibit List: Now in Usable Form!
A usable Madoff report exhibit list is now available on the IG’s website.
NBC Video: Madoff Mocks the SEC’s Incompetence
Madoff explains how regulators missed his scheme completely and discuses his relationship with SEC.
SEC’s IG Issues 21 Recommendations for Division of Enforcement
SEC concurs with recommendations and has begun to implement them.
SEC IG Kotz Responds to Rep. Kanjorski With Legislative Suggestions to Improve SEC
Congressman Paul E. Kanjorski, the Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, released a letter today from the SEC’s Inspector General, H. David Kotz, in which the inspector general responds to Chairman Kanjorski’s requests for suggestions for modifying the federal securities laws based on the Madoff investigations. [...]
Report: Madoff and SEC IG Meet for Three Hours at Correctional Center
Bernard Madoff and SEC Inspector General reportedly met for three hours on Wednesday of this week, sources tell CNN. The meeting reportedly occurred at New York’s Metropolitan Correctional Center, where Madoff is awaiting sentencing on federal fraud charges. Kotz is investigating the SEC’s failure to take action in stopping the Madoff scheme. Asked about the [...]
Rep. Kanjorski to SEC IG Kotz: Work Faster!!
Let’s try to quickly catch up on the tennis match that has been going on since yesterday between House Financial Services Capital Markets Subcommittee Chairman Paul Kanjorski and SEC Inspector General H. David Kotz. In short, Kanjorski announced yesterday that he sent a letter to Kotz calling for an update by June 30 on his [...]
Report: SEC’s IG Opens Investigation Into Alleged Staff Misconduct in Mark Cuban Case
In the SEC Inspector General’s Semiannual Report to Congress released yesterday, the OIG states that it has opened an investigation into a complaint received from counsel for a defendant in an SEC Enforcement action, alleging numerous instances of misconduct by several Enforcement staff members during the course of the investigation that resulted in the filing [...]
SEC’s Inspector General Provides Update on Internal Madoff Probe
In the SEC Inspector General’s Semiannual Report to Congress released yesterday, H. David Kotz provided an update on his office’s (OIG) high-profile inquiry into why the SEC failed to uncover the Madoff Ponzi Scheme. He provided the following new information: Since January 2009, the OIG has ordered the production of the e-mails of at least [...]
Copy of SEC IG Report: “Employee’s Securities Transactions Raise Suspicions of Insider Trading”
A copy of the SEC Inspector General’s Report entitled, “Employee’s Securities Transactions Raise Suspicions of Insider Trading and Create Appearances of Impropriety” is available here.