SEC Proposes New Money Managers Rules After Madoff Ponzi Scheme - Bloomberg.com

SEC Proposes New Money Managers Rules After Madoff Ponzi Scheme - Bloomberg.com: "The U.S. Securities and Exchange Commission moved to impose new rules on money managers to safeguard client holdings after Bernard Madoff’s $65 billion fraud shattered investor confidence.SEC commissioners voted 5-0 today on a proposal that would subject investment advisers holding customer assets to surprise