Criticism of SEC is expected in report on Madoff failures

09/2/2009 | Fox Business

The Securities and Exchange Commission's inspector general, H. David Kotz, said he has delivered his report on the regulator's failure to uncover the mammoth Ponzi scheme of convicted swindler Bernard Madoff to SEC Chairwoman Mary Schapiro. The report is expected to be harshly critical of the agency. Kotz has said the SEC will handle the release of the document to the public.

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