SEC Charges Peter Madoff With Fraud and False Statements to Regulators (SEC Press Release)

The SEC charged Peter Madoff, the brother of Bernie Madoff, with committing fraud, making false statements to regulators, and falsifying books and records in order to create the false appearance of a functioning compliance program over Madoff's fraudulent investment advisory operations. Peter Madoff served as Chief Compliance Officer and Senior Managing Director at Bernard L. Madoff Investment Securities LLC (BMIS) from 1969 to December 2008.

View press release in full here (links externally to SEC website).Additional Materials: SEC Complaint