On March 9th, the Washington Post reported that SEC Chairman Mary L. Schapiro responded to Congressional questions concerning the involvement of former SEC General Counsel David M. Becker in the SEC's investigation into Bernard L. Madoff's Ponzi scheme. Becker is the co-executor of his mother's estate, which included a Madoff account. The account was liquidated prior to the discovery of Madoff's fraud and the SIPC trustee for Madoff's brokerage has filed a clawback suit against the estate. Schapiro stated that she relied upon Becker and the agency's ethics office to address any potential conflicts of interest or appearances of impropriety. Letter. On March 8th, the New York Times reported that Becker advocated that the agency support a position that would allow Madoff investors to keep a portion of their paper gains. Advocacy. On March 10th, the New York Times reported the answers that Schapiro gave in response to questions posed at a House subcommittee hearing. Schapiro said that, in retrospect, she would have handled the matter differently and has ordered a review of the SEC's ethics procedures. She has also asked the SEC's inspector general to open an inquiry. Responses.