SEC Gets Ready to Release Madoff Tome

The Wall Street Journal reports:

The Securities and Exchange Commission isn’t known for publishing page-turners, but the much-anticipated report detailing the agency’s botched inquiries into Bernard Madoff’s business dealings promises to be juicier than most SEC fare. It’s expected to be made public by the end of the week.

The report by SEC Inspector General David Kotz was sent to SEC Chairman Mary Schapiro’s office late Monday. The SEC protocol requires it to be reviewed by all five commissioners before its release.

The report, 450 pages long with more than 500 exhibits, delves into the numerous tips the agency received from hedge funds, news articles and Harry Markopolous, a former Madoff rival turned whistleblower, who spent nearly a decade trying to persuade the SEC to follow up on his suspicions.

Thanks to the ever alert Simon Owens for the heads up on this one.