Ackerman Lays into the SEC

Yesterday Harry Markopolos testified before Congress. He’s the money manager who warned the Securities and Exchange Commission about Bernie Madoff and his Ponzi Scheme. Actually, he actually warned the SEC several times, but the agency still did nothing.

Markopolos told Congress: “If you flew the entire SEC staff to Boston and sent them to Fenway Park for the afternoon, they would not be able to find first base.”

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