SEC Admits It Kinda Screwed Up the Madoff ThingThe Securities and Exchange Commission acknowledges its ‘multiple failures over at least a decade’ to stop Bernie Madoff from running a $50 billion Ponzi scheme.
Chairman Cox Bans Naked Short-SellingHeh. Naked short selling. Sounds like something a frat boy would do, right? Well … it sort of is. Read all about the SEC’s bold move to crack down on market manipulators and more, in our daily roundup of finance, media, law, and real-estate news.