When your 2005 investigation revealed that Mr. Madoff misled the SEC about the strategy he used for customer accounts, withheld information about the accounts, violated SEC rules by operating as an unregistered investment advisor, didn't you think it was appropriate to use your subpoena power to collect information rather than just rely on Mr. Madoff's voluntary responses and submissions?
Menendez questions the SEC's decision not to use subpoena power during the Madoff investigation.
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