The SEC, from lapdog to watchdog – The Washington Post

In the early days of the Obama administration, I sat in a Capitol Hill hearing room and listened to Harry Markopolos, the whistle-blower in the Bernie Madoff scandal, bemoan the toothless Securities and Exchange Commission….

But since then, the private investigator has come upon a rather different trail of evidence. “There’s a total sea change at the agency,” Markopolos told me Tuesday. “They are aggressive. There’s no more free passes on Wall Street. They eagerly seek out big cases. .?.?. They used to be industry’s lapdog and now they’re actually an investor’s watchdog.”

via The SEC, from lapdog to watchdog – The Washington Post