The Flinchum File

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Protecting the Investor?

11/15/2011

It was three years ago that Bernie Madoff was exposed and sentenced to 150 years in jail.  That only took a few months.  However, it has taken the Securities and Exchange Commission three YEARS to investigate themselves and discipline eight of its employees for lousy work in auditing Madoff, despite having proof delivered to them by Harry Markopolos.

Does  anybody see a problem here? 

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