SEC disciplined agency employees over failure to stop Madoff fraud

MOST POPULAR ARTICLES

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE

SEC disciplined agency employees over failure to stop Madoff fraud

The Securities and Exchange Commission has disciplined seven agency employees over their handling of the Bernard Madoff investment scheme, a person familiar with the actions said. An eighth person resigned before disciplinary action could be taken, the person said. A senior agency official and an outside consultant recommended that one of the employees be terminated, an official said.

The SEC has been sharply criticized for failing to act on repeated warnings that Bernard Madoff’s prominent investment business was a
fraud.

Read more at:
Washington POST Article on SEC Discipline Re Madoff Case

Tags: bankruptcy, borrower, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, modification, quiet title, rescission, RESPA, SEC DISCIPLINE, securitization, TILA audit, trustee, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |