Securities Docket News Wire for Dec. 22, 2008

SEC’s Devlin insider trading case sends chill through PR firms. http://is.gd/cZ1F #
Head of SIPC Says Madoff Records Reveal “Hybrid Fraud” With Potentially Greater Losses than Thought. http://is.gd/cYxH #
Members of the Fifth Avenue Synagogue in New York City have lost an estimated $2 billion in Madoff scheme. http://is.gd/cX1T #
The Five Levels of Familial Betrayal, SEC Edition. http://is.gd/cW5m #
ArthroCare CFO, 2 VPs quit after audit c’tee identifies acct’ing errors; co. receives grand jury subpoena for docs. http://is.gd/cWzi #
FBI: “This is probably the biggest surge in financial crime maybe since the savings and loan crisis of the 1980s.” http://is.gd/cVXM #
White-collar prisoners can get a year off terms for doing rehab, so many suddenly discover substance abuse problems. http://is.gd/cVDe #
Big accounting firms that audited Madoff feeder funds likely to face queries why they gave seal of accounting to Madoff. http://is.gd/cVts #
Fairfield Greenwich took in more than $500 million in fees since 2003 alone from the money it placed with Madoff. http://is.gd/cVss #
From fiscal 2004 to 2007, the SEC has referred more than 70% fewer cases to U.S. attorney’s offices for prosecution. http://is.gd/cVpp #