Bernard Madoff whistle-blower Harry Markopolos says the Securities and Exchange Commission has come a long way in the past 2 1/2 years, but still needs to improve regulating industries such as munis, derivatives and fixed income.

“The SEC has sent its staff away to become trained fraud investigators,” Markopolos says. “I believe they have almost 800 certified fraud examiners on staff. They’re making rapid progress in training their staff on how to conduct proper investigations, where before that was totally missing within the agency.”

This entry was posted on Friday, July 29th, 2011 at 3:33 pm and is filed under Regulation, Reuters Insider video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.