Description: A recent report by Securities and Exchange Commissionâ€™s inspector general shows that the investigation of Bernard L. Madoff was not the only one to go badly awry. While the impact of the S.E.C.â€™s missteps were not nearly as significant as in the Madoff case, the report shows that the agencyâ€™s enforcement division allowed itself to be manipulated by a company it should have been investigating more thoroughly while allowing former staff members to influence its decisions on how to proceed.
Questions for discussion:
- How do you view the arguments presented by Peter Henning in his report?
- Do you feel the S.E.C. should have behaved differently at any point?