A federal judge dismissed a lawsuit by two of Bernard Madoff’s former customers accusing the U.S. Securities and Exchange Commission of negligence for failing to uncover the now-imprisoned swindler’s Ponzi scheme….
“Scandalous and outrageous as plaintiffs’ allegations are, plaintiffs fail to identify any specific, mandatory duty that the SEC violated in its numerous instances of sloppy, uninformed, irresponsible behavior,” the judge wrote.
‘Enforcement 40’ for 2020
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