- Feb 10, 2005
- Reaction score
- Montgomery, Al
Coffee Breaks Continue? :lol: :lol: :lol: "Change" anyone? :lol: :lol: :lol:
The Securities and Exchange Commission, which failed to stop Bernard Madoff’s long-running investment fraud despite repeated warnings, has disciplined eight agency employees over their handling of the matter but did not fire anyone.
The SEC’s head of human resources and a law firm hired to advise the agency had recommended that SEC Chairman Mary L. Schapiro fire one person, whom the SEC described as a manager in the office that inspects investment firms.
But the chairman decided not to fire the employee, because doing so “would harm the agency’s work,” SEC spokesman John Nester said.
Read more: http://dailycaller.com/2011/11/13/eight-sec-employees-disciplined-over-failures-in-madoff-fraud-case-none-are-fired/#ixzz1dgXDlV1h