PwC Partner Named Head of Anti-Madoff OPs at the SEC
I'm just not going to say anything because if I do, I'll hear "Adrienne, we heard you were talking shit about PwC on your blog..." for the next fourteen weeks so I'm just sitting this one out. Sorry. If you can't say anything nice... oh fuck it.
A partner in big accounting firm PricewaterhouseCoopers has been named to head a key division of the Securities and Exchange Commission blamed for contributing to the breakdown that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years.
SEC Chairman Mary Schapiro appointed Carlo V. di Florio the new director of the SEC's Office of Compliance Inspections and Examinations, which conducts inspections of brokerage firms, investment advisers, hedge fund managers, mutual funds and other entities, the agency announced Monday.
The SEC inspector general has said the division, known as OCIE, must tighten its process for deciding which investment advisers to inspect and make other changes. OCIE and the SEC's enforcement division should establish procedures for sharing tips, complaints, disciplinary history and violations regarding investment advisers, Inspector General David Kotz recommended late last year.
Please someone say it for me. Please. I don't want to get in trouble. FUCKINGPLEASECOMEONITISTOOEASY pleasepleaseplease.