reuters.com - 1/5/2009
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Jan 5 (Reuters) - Bernard L. Madoff Investment Securities LLC was examined at least eight times in 16 years by the U.S. Securities and Exchange Commission (SEC) and other regulators, who often came armed with suspicions, the Wall Street Journal said. SEC officials followed up on emails from a ...
informationarbitrage.com - 1/6/2009
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informationarbitrage.com —
So much promise, so many risks. This is
how 2009 is shaping up. While euphoria surrounding the...
Obama Administration's fiscal stimulus plans will drive the markets early in the year, I believe this rally will lose steam as massive deficit spending ...
(more)
Some Thoughts on 2009
online.wsj.com - 1/5/2009
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online.wsj.com —
KARA SCANNELL Bernard L. Madoff Investment Securities LLC
was examined at least eight times in 16 years...
by the Securities and Exchange Commission and other regulators, who often came armed with suspicions. SEC officials followed up on emails from a ...
(more)
Madoff Chasers Dug for Years, to No Avail
bloomberg.com - 1/3/2009
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bloomberg.com —
Jan. 2 (Bloomberg) -- U.S. regulators working to
untangle Bernard Madoff ’s alleged $50 billion Ponzi scheme...
are probing other money managers suspected of using similar tactics, two people with knowledge of the inquiries said. The U.S. Securities and ...
(more)
SEC Said to Examine More Ponzi Schemes After Madoff ...
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Opening Bell: 01.05.09
Dealbreaker —
SEC Posts Eight And Zero Record (Reuters)
It's hard to explain how regulators could possibly miss the largest Ponzi scheme in history on eight separate occasions over 16 years, short of BM packing the room with hookers, coke, and a disco ball. Even then there might at some point be some synaptic spark that says "something doesn't seem right here" (and that explanation would go a long way towards the syphilis defense.)
The Cox and Crew beating on the Hill will be glorious.
Renaissance Futures Fund Waves Management Fee ...
SEC is 0-8 on Madoff probes
BloggingStocks —
... will grill the SEC on why it missed the $50 billion Madoff Securities Ponzi scheme. After all, over the last 16 years, the SEC investigated Madoff eight times and each of those times, it failed to discover the scam. This -- and so much more -- means it's time for a change in the way Washington regulates ...
Related Content
SEC looks to reassure investors
(Reuters)
news.yahoo.com 2/8/2009 — Reuters - Securities and Exchange Commission officials looked to reassure investors on Friday that they would reinvigorate the agency's policing of Wall Street, improve the quality of credit ratings and said they expect to bring more cases against ...
SEC lawyers probed for insider trading
reuters.com 5/15/2009 — WASHINGTON (Reuters) - Two U.S. Securities and Exchange Commission enforcement lawyers are under investigation by federal criminal authorities for allegedly using insider information to trade stocks, a report by the SEC's internal watchdog said. The ...
America's Fear of Competition
tbm.thebigmoney.com 1/24/2009 — Although everybody claims to love the market, nobody really likes the rough-and-tumble of competition that produces the essential "creative destruction" of capitalism. At bottom, this abhorrence of competition and change are the common theme that ...
Pondering Madoff as we enter 2009
ritholtz.com 12/23/2008 — Pondering Madoff as we enter 2009
by David Kotok
December 23, 2008
David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S. in Economics from The Wharton School of the ...
SEC Skipped Normal Inspection of Madoff Hedge Fund
nakedcapitalism.com 12/14/2008 — So how did Madoff get away with his $50 billion fraud? Time will tell when and how it started, although I'd hazard the dot com bust. Madoff may have been unwilling to report losses, and assumed (initially) that no one would be hurt if he fibbed if ...
How the New SEC Enforcement Director Can Help Restore Investor Confidence
securitiesdocket.com 4/14/2009 — by Bruce Carton
Robert Khuzami began his new job as director of the Enforcement Division at the Securities and Exchange Commission on March 30. His arrival marks the first change in leadership for the Enforcement Division since 200
Khuzami joins the SEC from Deutsche Bank AG in New York, ...
SEC Heal Thyself: Compliance Program Revamped
securitiesdocket.com 6/9/2009 — The Securities and Exchange Commission just hasn’t had enough bad news recently, so last month the media piled on even more: a probe of insider-trading allegedly going on inside the SEC.
Specifically, the agency’s inspector general has found evidence of “suspicious activity, appearances of ...
Madoff Victims’ ‘Tragedy’ Said to Have Escaped Scrutiny by SEC
bloomberg.com 12/14/2008 — Dec. 14 (Bloomberg) -- Bernard Madoff ’s investment advisory business, alleged to be a Ponzi scheme that cost investors $50 billion, was never inspected by U.S. regulators after he subjected it to oversight two years ago, people familiar with the ...
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