Madoff Whistleblower Markopolos Blasts SEC But Praises New Chair Schapiro

BusinessWeek:

Chartered financial analyst Harry Markopolos spent 10 years unsuccessfully trying to convince the Securities & Exchange Commission to investigate Bernie Madoff. Now that Madoff's $65 billion Ponzi scheme has been revealed as the biggest fraud in U.S. investing history, Markopolos is pushing for dramatic changes at the SEC, which oversees the brokerage and investment industries.

Read the whole story: BusinessWeek

Comments

[enoughalready13]

01:35 AM on 06/09/2009

Harry, please work at the SEC - clearly they need more people like you!

[filo]

06:58 AM on 06/09/2009

From your lips to Obama's ears. He is obviously smart enough and honest enough.

What more do we need ?

[jerichoj8]

12:12 PM on 06/08/2009

Didn't Harry say FINRA and Schapiro were too corrupt to go to about Madoff?

[jeffp26]

12:52 PM on 06/08/2009

He did, when he testified before Congress.

Now someone got to him.

[jeffp26]

10:06 AM on 06/08/2009

What a shame that a man of integrity like Markopoulus is now putting lipstick on Mary Schapiro.

The woman is a fraud, and she cares nothing about investors. If she did, the NASD/FINRA, which she ran for 12 years, would not have leaked all over the rights of individual investors, belittling their claims to protect the scums of the industry.

Oh, Harry, what happened?

[betterus]

01:16 AM on 06/08/2009

you will succeed because people are behind; the scumbags will be dealt with once and for all.