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Madoff failures prompt SEC fix

Officials pledge to mend system

By MARCY GORDON THE ASSOCIATED PRESS

Posted: September 11, 2009 at 4:19 a.m.

The Securities and Exchange Commission's watchdog, who chronicled a history of breakdowns at the agency despite numerous red flags raised about Bernard Madoff's business, has recommended "employee-byemployee " action be taken now to ensure the failures aren't repeated.

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Business, Pages 27, 28 on 09/11/2009

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