Sunday, December 21, 2008

Report: SEC In a State of Panic over Madoff

Cox's statement that the SEC failed to follow credible, specific leads in the Madoff Mess has put the SEC staff in a panic. According to this article, they have started to review past investigations to see what else they might have missed, and have been instructed not to destroy documents or emails because of the ongoing investigation into what they did, or rather, didn't do.

http://www.securitiesdocket.com/2008/12/21/report-sec-in-state-of-complete-panic-over-madoff-mistakes/
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