It is probably considered their job but I don't have any confidence in the SEC t... | Hacker News

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		sseveran on Dec 11, 2018 \| parent \| context \| favorite \| on: Madoff’s Victims Are Close to Getting Their $19B B... It is probably considered their job but I don't have any confidence in the SEC to proactively investigate anything of real substance. However they did not even have to spot it since Mr. Markopolos turned up with a ton of evidence that it was a Ponzi scheme. They did not even do basic things like verify that he was actually trading.

gdfasfklshg4 on Dec 12, 2018 [–]

But in this case shouldn't the regulator assume some liability?

sseveran on Dec 12, 2018 | [–]

The courts in the US have long upheld that law enforcement (and probably by extension, regulators) are under no obligation to protect you.

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