Dear Inspector General Kotz:
I understand that you have been asked by Chairman Cox to conduct a comprehensive review of the SEC’s handling of matters relating to Bernard L. Madoff. I am extremely interested in learning how the massive frauds being described in the press could have been perpetrated despite SEC regulatory and investigative activity regarding Mr. Madoff.
Accordingly, please provide my staff with the following:
(1) an initial briefing on the scope and methodology of your planned inquiry;
(2) regular updates on its progress; and
(3) a copy of your final report(s) as soon as possible.
Sincerely,
Charles E. Grassley Ranking Member Committee on Finance
