Federal Judge Dismisses Suit Against SEC Over Madoff Investigation Failures

National - Posted on 21 June 2012.

A federal judge has dismissed a suit that sought to hold securities regulators accountable for alleged negligence rooted in Bernard Madoff’s fraud. The judge called plaintiffs’ financial losses ‘undeniably tragic’ but found they failed to identify any ‘mandatory obligations’ SEC officials violated during the performance of discretionary duties. (Read Full Article Here)

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