Apparently having finally figured out that SEC Inspector General H. David Kotz is not the person they need to talk to now to learn why the SEC missed Bernard Madoff’s alleged $50 billion fraud, the House Financial Services Committee is going to try it again on February 4 with some new witnesses. Reuters reports that five top SEC officials, including Director of Enforcement Linda Thomsen and Director of the Office of Compliance, Inspections and Examinations Lori Richards are expected to testify at the Committee’s second hearing on the matter (“Assessing the Madoff Ponzi Scheme and Regulatory Failures“).
Others expected to testify are the SEC’s Director of Trading and Markets, Erik Sirri; the SEC’s Director of Investment Management, Andrew Donohue; and its acting General Counsel, Andrew Vollmer.
