My concern is, Mr. Chairman, that we clearly need to do a better job of protecting the consumer.
What about the question of the actual performance of the fund?
If we had perhaps had all four of those as criteria, might that have led to a more thorough analysis, not just in this f...
But are you saying--because I hope you are not saying that if you have somebody in looking at a broker dealer and they t...
I hope we have lots of time for questions, because I have got lots of questions.
I think you hear the Committee's enormous concern and frustration with how this enormous fraud went undetected for so lo...
Absolutely. We often, in our examinations, investigations of broker dealers, take our jurisdiction as far as it can go, ...
My sense is it clearly didn't in this case.
Is performance of funds one of the criteria you look at?
So in this case, in the case of Madoff, my understanding was when he became an investment advisor, didn't he use the inv...
Isn't that in and of itself another red flag that should have said, hey, is this guy doing this all out of the his good ...