No. of Recommendations: 0
Remember how badly the SEC bungled the Madoff case?
Well, it finally disciplined 8 of the employees who were involved. Or maybe I should say "not involved."
I think most would agree that the employees got off lightly. Here's a piece I wrote up for Fool.com about it:
http://www.fool.com/investing/general/2011/11/14/wrist-slaps-all-around-at-the-sec.aspx
Just reading the Inspector General's report from 2009 again made my blood boil. The level of incompetence is almost beyond belief.