News Alert: SEC disciplined agency employees over failure to stop Madoff fraud

	Friday, November 11, 2011 1:28:20 PM NEWS ALERT SEC disciplined agency employees over failure to stop Madoff fraud The Securities and Exchange Commission has disciplined seven agency employees over their handling of the Bernard Madoff investment scheme, a person familiar with the actions said. An eighth person resigned before disciplinary action could be taken, the person said. A senior agency official and an outside consultant recommended that one of the employees be terminated, an official said. The SEC has been sharply criticized for failing to act on repeated warnings that Bernard Madoff's prominent investment business was a fraud. Read more at: http://www.washingtonpost.com/business/economy/seven-sec-employees-disciplined-on-failure-to-stop-madoff-fraud/2011/11/10/gIQA3kYYCN_story.html Or visit washingtonpost.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy