What are you talking about? She was the head of FINRA during the Madoff scam and she was also interim SEC head during Madoff scam.
Somebody in the management in the SEC Boston and NY office made sure Madoff was NOT checked out probably due to contributions to Schumer, Lautenberg and others. Bernie gave a lot of money to a lot of Dems and the only Repub was Vito Fosella.
The Greek guy Marcopolus (sp?) who worked for an investment firm in Boston had Madoff nailed. He provided docs multiple times from 1999 to 2008 on Bernie. Detailed stuff and specifically that it was probably a Ponzi scheme and how Bernie could not manage that much money using the S&P 100 options. They just needed to go after the trading records and question Bernie. A higher up in the SEC NYC and Boston offices made sure Bernie was protected.
SEC auditors are diligent but there is politics in the management at the SEC. In addition, Madoff was an attorney plus he new the inner workings at FINRA (NASD) and a good idea of SEC audits. Bernie would know how to hide things.
Impossible that flags were raised about this crook in 1999. Bush wasn’t president yet, and this is all his fault.
News is spinning it trying to make it look like she was the one who caught Madoff and was draconian in going after Stratton Oakmont (they are going back a ways there).