The Securities and Exchange Commission has made progress in tightening its procedures for managing its caseload of enforcement investigations but internal communications and use of resources still must be improved, congressional auditors have concluded in a new report.
The workings of the SEC’s enforcement division have come under intense congressional scrutiny after revelations in December that the agency failed to detect the massive Ponzi scheme run by money manager Bernard Madoff, despite red flags raised to its staff by outsiders over the course of a decade.
Real journalism.Trusted by millions.
Unlimited access to in-depth reporting, expert analysis, and the stories that shape our country.
Subscribe Now
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.