SEC enforcement chief resigns

February 9, 2009 11:54:53 AM PST
The top cop at the Securities and Exchange Commission is leaving the government. The SEC says Linda Thomsen is leaving to pursue opportunities in the private sector, but did not provide further details. She has been the agency's enforcement director since May 2005.

Thomsen became a lightning rod for criticism over the SEC's failure to detect the $50 billion Ponzi scheme allegedly run by money manager Bernard Madoff, despite red flags raised to the agency staff by outsiders over the course of a decade.

A replacement for Thomsen wasn't named.

Morey money-related links:

CLICK HERE to follow Action News on Twitter

CLICK HERE to get Action News on your website

CLICK HERE to find Action News on Facebook

Click here to get the latest Philadelphia news and headlines from across the Delaware and Lehigh valleys.


Load Comments