The SEC’s Inspector General, H. David Kotz, today released his most recent report related to the Bernard Madoff case, as well as the SEC’s response. The report, entitled “Program Improvements Needed Within the SEC’s Division of Enforcement” (copy available here), offers 21 specific recommendations. By letter dated September 25, 2009 (included in the report), SEC Director of Enforcement Robert Khuzami stated that the SEC concurs with all of the recommendations and has already begun to implement many of them.
