Securities and Exchange Commission

SEC Sued Over Failure To Disclose Post-Madoff Reforms

Nick Pinto | January 6, 2010, 3:52PM

The Securities and Exchange Commission is being sued over its failure to respond to Freedom of Information Act requests for information about what reforms, if any, it has undertaken since it failed to detect Bernard Madoff's multibillion fraud.

The government watchdog Citizens for Ethics and Responsibility in Washington announced the lawsuit today, saying that the SEC has yet to reply to CREW's October 2009 information request.

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Topics: Bernard Madoff, CREW, POGO, Securities and Exchange Commission