The SEC works for Wall Street according to Harry Markopolis and the SEC did nothing. It is also interesting that no one has been fired at the SEC as a result of their negligence and clearly, business is as usual at the SEC. Madoff knew the SEC was clueless and the Quant Fund, dark pool traders are well aware they have a license to manipulate the equity market as Mary Schapiro and her band on incompetents don't want to shake up Wall Street.
The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. WHAT A SAD COMMENTARY!!
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