News Wrap: SEC Penalizes Employees for Failure to Spot...

Aired: 11/11/2011 | 0:03:47 | Clip
In other news Friday, the Securities and Exchange Commission penalized eight employees for failing to spot Bernard Madoff's Ponzi scheme over 16 years. The agency said the measures ranged from pay cuts to suspensions, but no one was fired. Also, a unity government emerged in Greece and economic reforms gained traction in Italy.