* JANUARY 5, 2009
How the SEC Can Prevent More Madoffs
Bolster its risk-assessment and enforcement staff.
By ARTHUR LEVITT JR.
The Bernard Madoff affair is a scandal of epic proportions. It not only has devastated the prominent individuals and institutions who invested in his funds, but it has also further undermined whatever trust investors may have had after this year of bank failures, credit crises, and market meltdowns. The regulatory structure that has been in place for the past eight decades to keep our markets free and fair may no longer be appropriate...
Full article at: http://online.wsj.com/article/SB123111989471152931.html
3 days ago
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