The U.S. Securities and Exchange Commission doesn’t have to restore purged files on Bernard Madoff and Goldman Sachs Group Inc. (GS) that were sought by a government watchdog group, a federal judge ruled. Citizens for Responsibility and Ethics in Washington sued the agency for allegedly violating federal records law by refusing to recover investigative files that had been destroyed. The group asked for documents related to the agency’s preliminary probes under the Freedom of Information Act. More on Bloomberg Businessweek here.
