SEC Bitch-Slaps Staff for #Madoff

Seven employees at the Securities Exchange Commission (SEC) have been disciplined, bitch-slapped, and one has resigned, over the agency's failure to detect the multibillion-dollar Ponzi scheme orchestrated by Bernard Madoff, according to a media report.

The Washington Post reported Friday that employees were bitch-slapped, suspended, had their pay cut, or demoted for their failures, and that the employee who resigned had done so before any disciplinary action was taken.An SEC spokesman said the agency's disciplinary proceedings tied to the Madoff scam were concluded months ago.