Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, February 5, 2009

Schapiro Apologizes to House Committee

After four senior staff members of the SEC were unable to answer the House Subcommittee's questions about Madoff, citing ongoing invetigations, SEC Chair Mary Schapiro sent a letter to the committee, stating that “Today's testimony before your subcommittee could not have been satisfactory.” Indeed, Committee members made clear their displeasure.  InvNews, Schapiro: SEC testimony not satisfactory.

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