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Thornburg Mortgage Inc.
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Why haven't the Regulators cancelled the Madoff Exception ? ?New Regulator takes over, but Nothing Changes** When is the Madoff Exception going to be RECINDED ? ? Recs: 0
Why haven't the Regulators cancelled the Madoff Exception ? ?Ketchum will take over March 16 as head of FINRA, which was formed in 2007 by the merger of the National Association of Securities Dealers and elements of the oversight operations of the New York Stock Exchange. He was a leading architect of the merger. Ketchum, 58, who will continue as FINRA board chairman, takes the helm at a time when the organization has come under scrutiny. FINRA and the Securities and Exchange Commission have been criticized over the Bernard Madoff scandal and their failure to detect the $50 billion fraud scheme allegedly conducted by the money manager over many years. Mark Madoff & FINRA Friend Mark & FINRA CEO Rich Ketchum (((((For example, Madoff was the principal author of an SEC rule that exempted market makers (i.e. Madoff) from various regulations governing short sellers (i.e. Madoff’s friends).))))
I((((t was called, “The Madoff Exception.”))))) (((((After Madoff wrote that rule, market makers (e.g., Madoff) proceeded to “rent” their exemption to hedge funds (i.e. friends-of-Madoff). ))))
The whole Rant at the site below
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| Msg # | Subject | Author | Recs | Date Posted |
| 1302 | Re: Why haven't the Regulators cancelled the Madoff Exception ? ? [between Jan. 1, 2007, and June 1, 2008, only 123 of the 5,000 naked short-selling complaints received by the SEC were forwarded for further investigation | CASTLEMIKE | 4 | 3/19/2009 8:50:08 AM |
