1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tia_tia [17]
3 years ago
6

Starting in 2001, whistleblower harry markopolos alerted the sec three times to the likelihood that bernard madoff was running a

ponzi scheme. why do you think the sec didn't act on this information until 2006
History
2 answers:
alex41 [277]3 years ago
8 0

Answer: The SEC claimed that they didn't act because they were understaffed and overwhelmed

Explanation:

Markopolos repeatedly informed the U.S. Securities and Exchange Commission (SEC) about Madoff´s massive Ponzi scheme. In 2000, 2001, and 2005 the SEC disregarded his claims or merely gave his evidence a cursory investigation.

The SEC has claimed that at the time they didn't respond properly due to a lack of staff. It´s also believed that some filings were ignored because Markopolos was working for a competitor to Madoff's firm.

nadya68 [22]3 years ago
4 0
What has expressed in the story was it was a consequence of the SEC being understaffed and overpowered. I accept there is substantially more to do with it than that. e is a past leader of Boston Security Analysts Society Inc. On February 11, 2009, the Boston Security Analysts Society respected him with a silver shriek in acknowledgment of his endeavors to uncover Madoff.
You might be interested in
According to the Declaration of Independence what is the purpose of government
eduard

In this way the Declaration of Independence makes is crystal clear that government has one overarching purpose; that of protecting the inherent human rights of life, liberty and property (pursuit of happiness).

7 0
3 years ago
What was the effect of contact between the plains Indians and Spanish
nalin [4]
<span>One major effect was the acquisition of horses which completely changed the culture of the plains Indians.</span>
8 0
3 years ago
How did trends within the counterculture movement contribute to its downfall?
bazaltina [42]
<span>The counterculture movement did a lot of drugs and they often got into a lot of trouble.</span>
7 0
3 years ago
Read 2 more answers
Versailles treaty <br> Please help (30points)
Ipatiy [6.2K]
Germany does not cede all of Alsace-Lorraine to France but instead the two split the territories based on Language, Ethnicity, Culture, etc.
Germany keeps Danzig and the Corridor but must grant Poland her Sovereignty and the Gdynia enclave. Poland gets Economic and Commercial Rights in Danzig and Polish citizens are allowed to reside.

3. No War Clause Guilt for Germany since Germany did not start the war but only mobilized to protect their Ally Austria-Hungary who actually partly caused the war.
4 0
3 years ago
How did the Ottoman Empire slowly decline between the death of Suleyman I and the early nineteenth century?
wlad13 [49]

The Ottoman Empire slowly decline in this period because it stagnated economically, politically, and technologically.

Explanation:

Until the reign of Suleiman I the Ottoman Empire was a thriving empire. It was one of the largest and one of the most powerful empires. The empire had excellent strategic location and seemed to use it very well in order to become even more powerful.

After the death of Suleiman I and the 19th century the empire started to slowly decline though. The reasons were mostly of economic, political, and technological aspects. Because of the restrictions that the Ottomans put when it came to trade between the east and Europe and because of the high taxes the Europeans started to avoid trade through them. On top of it, the New World was discovered as well as other sea routes to India so the income of the Ottoman Empire went significantly down.

Unlike the western countries which had political progress and reformed themselves, the Ottomans kept the sultanate, which in turn resulted in the country stagnating. Another major problem was the technology, as the empire only selectively imported technology while not producing any of its own. This gave advantage tot he other empires, while the Ottoman Empire was set back.

3 0
3 years ago
Other questions:
  • How is “Purchasing Power" an advantage<br> of using credit?
    10·1 answer
  • The firebombing of tokyo
    14·2 answers
  • What was the popes role in the Roman Catholic Church???
    11·1 answer
  • Listed in the Item Bank are a number of key events from this field. Write the events in chronological order by placing each numb
    5·1 answer
  • What is the biggest influence on the decision of the European people to accept or reject genetically modified food?
    8·2 answers
  • 1.) How did labor help to fulfill the colonial ambitions of one of the European powers?
    14·1 answer
  • What was the NAACP's goal in filing the 1954 Brown v. Board of Education lawsuit?
    11·1 answer
  • Explain the impact of the japan policy
    5·1 answer
  • 30.
    8·1 answer
  • Can someone please help me? :(
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!