According to an article by Lisa Uhlman on the Law360 website, the Department of Justice will not investigate whether David Becker, the SEC's former General Counsel, violated ethics laws during the SEC's handling of issues related to Bernie Madoff's Ponzi scheme.
A pair of articles appeared this week that traced trends in particular areas of securities enforcement.
In a report released last week, the SEC's Office of Inspector General ("OIG") stated that it "did not find sufficient evidence to substantiate any allegations of misconduct" by the SEC Division of Enforcement during its investigation of Mark Cuban.
On Thursday, the SEC's Inspector General David Kotz, Former General Counsel David Becker and Chairman Mary Schapiro testified before a joint session of two House Subcommittees regarding the recent report by the Inspector General regarding the involvement of Mr. Becker in matters relating to Bernie Madoff.
On Tuesday, September 20, the SEC's Inspector General released one of a series of reports expected this month (as discussed here) this one concerned the involvement of David Becker, the former General Counsel and Senior Policy Director of the Commission, in matters relating to Bernie Madoff.