Securities Law

SEC Lawyer Warned About Madoff in 2004

By Debra Cassens Weiss

Jul 2, 2009, 06:06 am CST

A lawyer with the Securities and Exchange Commission had sounded a warning in 2004 about irregularities at the financial management firm run by Bernard Madoff, but her superiors asked her to put aside concerns to work on an investigation of the mutual fund agency.

The lawyer, Genevievette Walker-Lightfoot, found inconsistencies… full story