SEC watchdog pushes for changes

WASHINGTON - September 29, 2009 The proposals for the agency's enforcement and inspections operations from SEC Inspector General David Kotz also include making it easier for junior-level enforcement attorneys to bring their concerns to top managers.

In a report late last month, Kotz detailed how the SEC bungled five investigations of Madoff's business between June 1992 and last December, when the financier confessed. Top SEC officials have pledged to fix the problems and say they already have made major changes.

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