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Madoff Case Triggers Wider Probe of SEC

"Many of us have lost confidence in the SEC," a Congresswoman declares.

January 5, 2009

The attempt to determine whether the Securities and Exchange Commission failed to do its job in detecting the $50 billion Ponzi scheme put together by Bernard Madoff will be the launching pad for a wider-ranging investigation of the SEC's operations, the commission's inspector general told sometimes hostile members of the House Financial Service Committee today. Read more...

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