{"id":565,"date":"2009-09-03T18:20:40","date_gmt":"2009-09-03T18:20:40","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2009\/09\/sec_nasd_finra_sipc_new_sec_report_card_on_madoff_catastrophy_furhter_reveals_that_investor_protection_is_severely_flawed"},"modified":"2009-09-03T18:20:40","modified_gmt":"2009-09-03T18:20:40","slug":"sec-nasd-finra-sipc-new-sec-report-card-on-madoff-catastrophy-furhter-reveals-that-investor-protection-is-severely-flawed","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-nasd-finra-sipc-new-sec-report-card-on-madoff-catastrophy-furhter-reveals-that-investor-protection-is-severely-flawed\/","title":{"rendered":"SEC, NASD, FINRA & SIPC: New SEC Report Card on Madoff Catastrophy Further Reveals How Investor Protection Is Severely Flawed!"},"content":{"rendered":"

\t\t\t\tA new report by the Inspector General at the Securities Exchange Commission recounts 16-years of failures at the SEC which led to the financial crime of the century perpetrated by Bernard Madoff and his firm. The report states that the agency “never properly examined or investigated Madoff’s trading and never took the necessary, but basic, steps to determine if Madoff was operating a Ponzi scheme.” <\/p>\n

The IG confirms that the SEC failed to heed direct warnings and warning signs as early as 1992 which “could have uncovered the Ponzi scheme well before Madoff confessed” to the $50 billion fraud, leading to his 150 year prison sentence.<\/p>\n

Critics of cecurities regulators and the securities regulatory system have for years complained that the system is not only inept but perhaps corrupt. Accusations have included that regulators overlook wrongdoing by Wall Street insiders while “rounding up the usual suspects” to appear as if they are doing their jobs. Madoff may be the poster child for this theory. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A new report by the Inspector General at the Securities Exchange Commission recounts 16-years of failures at the SEC which led to the financial crime of the century perpetrated by Bernard Madoff and his firm. The report states that the agency “never properly examined or investigated Madoff’s trading and never took the necessary, but basic, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,3886,3788,3801],"tags":[],"class_list":["post-565","post","type-post","status-publish","format-standard","hentry","category-finra","category-madoff-ponzi-scheme","category-nasd-enforcement","category-sec"],"yoast_head":"\nSEC, NASD, FINRA & SIPC: New SEC Report Card on Madoff Catastrophy Further Reveals How Investor Protection Is Severely Flawed! — Investor Lawyers Blog — September 3, 2009<\/title>\n<meta name=\"description\" content=\"A new report by the Inspector General at the Securities Exchange Commission recounts 16-years of failures at the SEC which led to the financial crime of — September 3, 2009\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-nasd-finra-sipc-new-sec-report-card-on-madoff-catastrophy-furhter-reveals-that-investor-protection-is-severely-flawed\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC, NASD, FINRA & SIPC: New SEC Report Card on Madoff Catastrophy Further Reveals How Investor Protection Is Severely Flawed! 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