"Contrary to what some commentators have said, the Madoff affair doesn't prove that the SEC is a...

|By:, SA News Editor

"Contrary to what some commentators have said, the Madoff affair doesn't prove that the SEC is a failed institution that must be shuttered," former SEC chief Arthur Levitt Jr. writes in an op-ed today. "Rather, this scandal underscores the need for a 21st century regulatory approach."