Bernie Madoff Remains An SEC Approved Money Manager. Huh?

Bernie Madoff gets a bad rap. Sure, he may be in prison for the rest of his life for stealing billions in a notorious Ponzi scheme. But that doesn’t mean regulators have shut down his money management firm, Bernard L. Madoff Investment Securities LLC.
According to a check this afternoon of the SEC’s online Investment Adviser Public Disclosure program, his investment advisory firm’s SEC registration remains approved—as it has been since September 12, 2006. There are limited disciplinary problems disclosed on the firm’s SEC’s IAPD report related to its affiliated, now inactive, broker-dealer but no money management misdeeds. More in Forbes here.

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