Gut the SEC, Stop the Next Madoff
October 19, 2009 by Barbara Morehead
Gut the SEC, Stop the Next Madoff
WASHINGTON, October 19, 2009–Two of the victims of Bernie Madoff’s Ponzi scheme are suing the Securities and Exchange Commission for “negligence.”
“While it’s not clear whether their case will go anywhere, it’s undeniable that the SEC failed miserably in the Madoff case,” writes Alex Epstein, a fellow with the Ayn Rand Center.
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