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Keyword: loririchards

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  • Top SEC Officials Were Unaware of Madoff Probes: Report

    09/05/2009 6:18:18 PM PDT · by CutePuppy · 19 replies · 1,782+ views
    Reuters via CNBC ^ | September 05, 2009 | Reuters
    Former U.S. Securities and Exchange Commission chairmen and directors were generally unaware that staff were probing Bernard Madoff until the former financier was arrested in December 2008 for running a $65 billion Ponzi scheme, a federal watchdog said in a report released on Friday. The report underscores the disconnection between senior officials and their employees, who often lacked the experience necessary to follow up on leads and understand the magnitude of their investigation. Former Chairmen Christopher Cox, William Donaldson and Arthur Levitt, former director of enforcement Linda Thomsen and former director of examinations and compliance, Lori Richards, did not play...
  • FINRA failure on Madoff

    10/03/2009 11:23:30 AM PDT · by CutePuppy · 8 replies · 820+ views
    NY Post ^ | October 03, 2009 | NY Post
    The Financial Industry Regulatory Authority didn't fully probe Bernard Madoff's firm and repeatedly failed to investigate tips about R. Allen Stanford's alleged $7 billion fraud, an internal report found.