The recent spotlight on Meaghan Cheung, an SEC Enforcement Division branch chief in the SEC’s New York office who signed off on the decision to close a 2006 SEC investigation into Madoff’s operation without taking any enforcement action, just makes it that much clearer: the recent suggestion that the Madoff fraud went uncovered because of a lack of integrity by the people in the Enforcement Division is completely off-the-mark. I explain in detail in a post (click here) on my Enforcement Action blog over at Compliance Week.
Photo: NY Post
