The Securities and Exchange Commission’s in-house watchdog has issued two reports’ worth of recommendations for the agency to beef up their inspections and enforcement procedures, according to the New York Times. SEC Inspector General H. David Kotz released two separate reports—one for the agency’s inspections and examinations office and one for its enforcement branch—detailing a number of process fixes, many of which stemmed from errors made in apprehending Bernard Madoff. The two reports contain a total of 58 recommendations, all of which were accepted by the SEC yesterday.
SEC Inspector General Advises Changes at Regulator
The SEC inspector general has presented the regulator with 58 policy recommendations.
September 30, 2009