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Inspector General Blasts SEC Over Madoff's Ponzi Scheme Investigation H. David Kotz, Inspector General of the SEC, issued his report, Investigation of Failure of the SEC To Uncover Bernard Madoff's Ponzi Scheme, on August 31, 2009 and testified before the Senate's Committee on Banking, Housing and Urban Affairs a few weeks later. Mr. Kotz stated that the result of his investigation revealed: [VIEW ARTICLE]Comments RSS Feed For This Article: 
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Subject: Inspector General blasts SEC...
Mr. Cuthill adeptly points out the way to deter Ponzi schemes. Equally as important, what is needed is the will of regulatory agencies to intercept schemes before they reach fruition or collapse. One wonders why the SEC was so tonedeaf as to not recognize the need to go full bore after they received the first few complaints. Hopefully, public advocates like Mr. Cuthill will continue to shine light on the lack of timeliness and other inadequacies of regulatory responses to fraud.