SEC missed six clear opportunities to expose Madoff


While the Office of Inspector General of the SEC determined there was no evidence that SEC personnel had "any financial or other inappropriate connection with Bernard L. Madoff," the OIG did find that the "SEC received more than ample information in the form of detailed and substantive complaints over the years" that a "thorough and competent investigation or examination" should have been conducted. Oh, you think?

Let's take a look at the six substantive complaints the SEC received that should have raised red flags and started a "thorough and competent investigation or examination."