Madoff: Hiding in Plain Sight, Thanks to SEC - Competitive …

Contrary to popular belief, Madoff's $50 billion Ponzi scheme was subject to to a variety of financial regulations, something he actually used as a selling point to investors. In fact, last …

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Madoff: Hiding In Plain Sight, Thanks To SEC - Competitive …

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Contrary to popular belief, Madoff's $50 billion Ponzi scheme was subject to to a variety of financial regulations, something he actually used as a selling point to investors. In fact, last …

cei.org

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A Madoff Whistle-Blower Tells His Story - TIME

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Feb 4, 2009 · Markopolos said Madoff was earning 82% of the S&P 500’s return with less than 22% of the risk, but his returns only had a 6% correlation when Markopolos expected …

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Madoff Hid In Plain Sight - Advised Regulators On Scams - AOL

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Dec 16, 2008 · Bernard Madoff, who has been charged with running a Ponzi scheme that may involve as much as $50 billion in losses, advised the SEC on how to protect investors from …

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Madoff Arrest Raises Questions About SEC Oversight

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The arrest of investment manager Bernard Madoff on allegations that he ran a $50 billion "Ponzi scheme" raises questions about the effectiveness of the Securities and Exchange …

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FAQs about Madoff: Hiding in Plain Sight, Thanks to SEC - Competitive … Coupon?

Did madoff's'math' make sense?

Markopolos said Madoff’s “math never made sense” and his “return stream never resembled any known financial instrument or strategy.” Markopolos said Madoff was earning 82% of the S&P 500’s return with less than 22% of the risk, but his returns only had a 6% correlation when Markopolos expected “something like a 50%” correlation. ...

Would Madoff have been stopped in 2006?

“It is a sickening thought,” but if the SEC or the Wall Street Journal “would have picked up the phone and spent one hour contacting the leads” provided, Markopolos said, Madoff would have been stopped in 2006, and “untold billions” would have been saved. ...

What are the scariest paragraphs in the Madoff report?

Here are the scariest paragraphs: "Madoff carefully controlled to whom they spoke at the firm," the S.E.C.'s independent watchdog said in the report released on Wednesday. ...

How did Bernie Madoff use the SEC's inquiries?

Perversely, Mr. Madoff used the S.E.C.'s inquiries as a selling point to reassure investors that the government had looked over his operations and found no problem. It was not Mr. Madoff's cleverness that enabled him to fleece thousands of investors out of billions of dollars for years, Mr. Kotz said. ...

Did FINRA catch wind of Madoff's fraud?

Like the SEC, FINRA made periodic examinations of Madoff’s brokerage operation, which functioned separately from his secretive investment business, and did not catch wind of Madoff’s fraud. WHAT PREVENTIVE ACTION AGAINST FUTURE FRAUDS DID THE SEC TAKE? Under public pressure, the SEC took a series of actions and made rule changes, starting in 2009. ...

Is Madoff a failure that we still regret?

The chairwoman of the S.E.C., Mary L. Schapiro, called the Madoff episode “a failure that we continue to regret” in a statement issued on Wednesday. She said better training, more attention to outside tips and the recruitment of “new skill sets” since she was appointed by President Obama in January would help to prevent future frauds. ...