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Consider the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. According to the Act, the PCAOB now has authority to inspect the work of audit firms auditing broker-dealer firms

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Why the madoff fraud is considered a ponzi scheme Bernard L. Madoff Investment and Securities: Broker-Dealer FraudSynopsis During 2008Bernie Madoff became famous for a Ponzi scheme that defrauded investors out of as much as $65 billion. To satisfy his clients†expectations of earning returns greater than the market average, Madoff falsely asserted that he used […]

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