SEC Watchdog to Refer Ex-Counsel’s Madoff Work to Justice
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The U.S. Securities and Exchange Commission’s inspector general plans to ask the Justice Department to review whether the agency’s former top lawyer violated conflict-of-interest laws, according to three people with knowledge of the watchdog’s findings.
H. David Kotz, the inspector, is completing his report on ex-general counsel David Becker’s possible conflicts and it is expected to be released next week, said the people, who spoke on condition of anonymity because the matter isn’t public. Kotz and congressional investigators have been probing why Becker was allowed to work on SEC policies related to the Bernard Madoff fraud after inheriting profits from the Ponzi scheme.