Madoff Congressional hearing calls for SEC testimony

Senate Banking Committee demands testimony from SEC directors. JusticeNewsFlash.com top news for West Palm Beach securities fraud lawyers

West Palm Beach, FL (JusticeNewsFlash.com)–The U.S. Senate Congressional hearings into the alleged $50 billion Bernard Madoff Pozi scheme called for the testimony of top U.S. Securities and Exchange Commission (SEC) www.sec.gov directors. On Monday, Reuters reported the Senate committee called for the testimonies by both SEC directors of enforcement and compliance, inspections and examinations. Linda Thomsen and Lori Richards will report for questioning on Tuesday morning before the Senate. The directors have been asked to present a long list of SEC documents including complaint letters, SEC e-mails, and other vital paperwork.

The Senate Banking Committee has also called for testimony from Stephen Luparello, the interim CEO of the Financial Industry Regulatory Authority, a watchdog for broker-dealers in the finance and securities industry. Both top regulatory agencies have been highly criticized for allowing one of the largest Ponzi schemes in history to go unnoticed and unpoliced.

American consumers, injured investors, government regulators and political officials are still baffled by the Ponzi scheme and remain demanding; Show me the money!

JusticeNewsFlash.com top news for West Palm Beach securities fraud lawyers

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About the Author Justice Seeker

Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.