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
What was an important source of conflict between European nations prior to WW1
Vika [28.1K]
MAIN

Militarism
Alliances
Imperialism
Nationalism
3 0
3 years ago
A polis of ancient greece was a(n)?
rodikova [14]
Generally speaking, a polis of ancient Greece was a "City State," in which there was a great deal of autonomy and self-governance, which was a goal of many Greek philosophers of the day. 
6 0
3 years ago
Of the following items, which form of currency is the most durable and portable?
Salsk061 [2.6K]
Rice, its small compact lasts long can be hot or cold doesn't require much and is hard to break.
7 0
3 years ago
Read 2 more answers
Who explored the Cârța Monastery
icang [17]

The Carta Monastery has been first explored and rediscovered by Victor Roth, a local Transylvanian Saxon art historian and archaeologist, in the spring of 1927.

The Carta Monastery is a monastery that has been built during the thirteenth century AD, and it has been built in two stages that are divided by the Mongol invasion of the area in the mid thirteenth century. The first stage of the building has occurred in the first years of the thirteenth century, probably 1205-1206. It has been built by the local population of Saxons in Transylvania.

4 0
3 years ago
Who was Erik the Red? the creator of the Norse alphabet a Norse hero who helped people follow the Ten Commandments the founder o
Levart [38]

Answer:

The correct answer is The founder of the first Norse settlements in Greenland

Explanation:

I took the quiz :)

4 0
3 years ago
Read 2 more answers
Other questions:
  • In Stalin's rhetorical situation, what was the main issue he addressed?
    7·2 answers
  • The Missouri Compromise opened most of the Louisiana Purchase territory to slavery.?
    15·2 answers
  • Plz tell me if this essay is good also plz tell me if i made a mistake or two or three or you get the point also can you give me
    9·2 answers
  • What is the main reason the United States backed South Vietnam?
    6·2 answers
  • As President, Reagan took a firm stand against the Soviet Union and referred to them as.A.The Dark Lord,B.The Empire,C.The Evil
    7·2 answers
  • In what year did the indian removal act call for the movement of native americans from lands east of the mississippi to lands we
    12·1 answer
  • 8. What kind of weather results when the NAO is in its POSITIVE phase?
    5·1 answer
  • Does Churchill use the phrase the same way as before, or in a different way?
    6·2 answers
  • Which Enlightenment ideas are reflected in the Declaration of the Rights of Man?
    11·2 answers
  • Please help me this is very important
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!