218:
263:, who was reviewing Madoff's firm, raised questions to Swanson (Walker-Lightfoot's boss's supervisor) about unusual trading at a Bernie Madoff fund; Walker-Lightfoot was told to instead concentrate on an unrelated matter. Swanson and Walker-Lightfoot's boss asked for her research, but did not act upon it.
278:
investigated, and concluded that there was no evidence that
Swanson's romantic relationship with Shana Madoff influenced the closing of the SEC investigation of Madoff. He did conclude, however, that: "Swanson's communication with Shana during the period of time he was engaged in a cause examination
243:
that is considered to be the largest financial fraud in U.S. history. She worked under her father at her uncle's firm, Bernard L. Madoff
Investment Securities (BMIS), as a rules and compliance officer and attorney. She reported to her father who was responsible for ensuring that BMIS complied with
282:
The
September 29, 2007, wedding between Swanson and Shana Madoff was attended by Lori Richards, the SEC's Director of Compliance Investigations and Examinations, who oversaw the Division in which Swanson worked at the SEC. In 2008, Bernard Madoff spoke at a business roundtable meeting of his "very
255:
that would be exposed in
December 2008. The two had periodic contact thereafter in connection with Swanson speaking at industry events organized by a SIFMA committee on which Shana Madoff sat. During 2003 Swanson sent Shana's father Peter Madoff two regulatory requests, although by the time of the
266:
In
February 2006, Swanson was emailed by Assistant Director John Nee that the SEC's New York Regional Office was investigating a complaint that Bernard Madoff might be running "the biggest Ponzi scheme ever." In April 2006, Swanson began to date Shana Madoff. Swanson reported the relationship to
307:, an electronic stock exchange that is the third-largest stock exchange in the United States, which he joined as General Counsel in January 2008. He was hired in part to assist the exchange in its effort to obtain exchange status from the SEC.
797:"Investigation of Failure of the SEC to uncover Bernard Madoff's Ponzi Scheme (Public Version); B. Swanson's Initial Contact with Shana Madoff for SEC Office of Investigations Investigation of the SEC to Uncover Madoff Ponzi Scheme"
270:
In 2006, the SEC's New York
Enforcement Office, of which Swanson was not a part, closed its investigation of Bernie Madoff. On 15 September 2006, Swanson left the SEC. On 8 December 2006, Swanson and Shana Madoff became engaged.
209:. At the end of his tenure, he was Assistant Director of the Office of Compliance Inspections and Examinations, and reported to the head of the SEC's inspection program, supervising 8–18 staffers.
1470:
1317:
1490:
1364:
1267:
1500:
1485:
205:(SEC) as a lawyer from August 1996 to 2006. While at the SEC, he received in August 2004 a Capital Markets Award, related to work in the area of SEC examinations of
247:
Swanson met Shana Madoff in April 2003. The two met in 2003 at an industry event during an examination of Bernie Madoff by the SEC as to whether Bernie Madoff was
1284:
914:
142:
as a lawyer from 1996 to 2006, rising to the level of
Assistant Director of the Office of Compliance Inspections and Examinations. Subsequently, he worked at
283:
close" relationship with an SEC lawyer, and chuckled: "my niece even married one". In April 2009, Richards recused herself from the Madoff investigation.
634:
1480:
1260:
120:
699:
1204:
1075:
890:
850:
769:
675:
607:
573:
539:
502:
443:
161:
was uncovered. Swanson met Shana Madoff originally when he was conducting an inadequate SEC examination of whether Bernie Madoff's firm was
377:
1423:
1253:
202:
139:
244:
its legal and regulatory obligations, and signed documents assuring the SEC that BMIS's business records were truthful and accurate.
1475:
190:
61:
20:
796:
256:
second request
Swanson's responsibility for the examination had been transferred to a different Assistant Director at the SEC.
877:
How the Global
Financial Markets Really Work: The Definitive Guide to Understanding International Investment and Money Flows
260:
817:
336:
1027:
941:
1406:
1143:
563:
1097:
918:
1375:
970:
1276:
158:
642:
182:
55:
1495:
1465:
1117:
178:
127:
while the SEC was investigating Madoff's investment firm for what was eventually revealed to be a massive
1168:
206:
292:
143:
707:
1430:
1414:
304:
201:
Following a period of time in which he practiced non-securities-related law, Swanson worked at the
132:
82:
1048:
1441:
1307:
405:
882:
157:
as a rules and compliance officer and attorney until it was closed when the multibillion-dollar
1200:
1194:
1071:
886:
846:
765:
671:
665:
603:
597:
569:
535:
529:
498:
492:
439:
267:
his supervisor who wrote in an email "I guess we won't be investigating Madoff anytime soon."
165:
customer trades from the market making unit—completely missing the multi-billion dollar
1065:
840:
759:
434:
360:
279:
of her uncle and father's firm, created the appearance of a potential conflict of interest."
1435:
1400:
465:
1302:
291:
Subsequent to working at the SEC, Swanson was a Vice
President of regulatory strategy at
1393:
1312:
875:
236:
221:
154:
124:
1459:
1368:
1338:
1297:
1292:
565:
Madoff: Corruption, Deceit, and the Making of the World's Most Notorious Ponzi Scheme
275:
248:
162:
730:
131:. Swanson is currently the Senior Vice President, General Counsel, and Secretary of
252:
240:
232:
228:
186:
169:
that Shana's own cousins (Bernie's sons) would expose to the SEC in December 2008.
166:
150:
128:
100:
24:
1343:
1333:
942:"SEC Investigator Raised Madoff Concerns Years Ago, Was Asked to Look Elsewhere"
436:
Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme ...
1227:
1245:
494:
Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme
842:
Catastrophe: The Story of Bernard L. Madoff, the Man Who Swindled the World
217:
1142:
Clifford J. Alexander; Arthur C. Delibert; Catherine S. Bardsley (1994).
1001:
303:
Swanson is the Senior Vice President, General Counsel, and Secretary of
698:
Grant McCool; Gerald E. McCormick; Carol Bishopric (October 3, 2009).
378:"SEC to Probe Relationship Between Madoff's Niece and Ex-SEC Lawyer"
839:
Deborah Hart Strober; Gerald Strober; Gerald S. Strober (2009).
1249:
664:
O. C. Ferrell; John Fraedrich; Linda Ferrell; Ferrell (2012).
1067:
The Crime of Our Time: Why Wall Street Is Not Too Big to Jail
361:
Labaton, Stephen, "Unlikely Player Pulled Into Madoff Swirl"
468:, Alex Berenson and Diana B. Henriques, December 16, 2008,
251:
customer orders, totally missing the multi-billion dollar
135:, the third-largest stock exchange in the United States.
818:"E-Mails Reveal Internal Drama at SEC Over Maddoff Firm"
274:
In 2009, after the scandal broke, SEC Inspector General
971:"SEC Lawyer Raised Questions About Madoff Back in 2004"
599:
Too Good to Be True: The Rise and Fall of Bernie Madoff
1028:"Facebook Removes Madoff Web Page After Jeers, Cheers"
795:
U.S. SEC Office of Investigations (August 31, 2009).
92:
Senior Vice President, General Counsel, and Secretary
1471:
People associated with the Madoff investment scandal
667:
Business Ethics: Ethical Decision Making & Cases
466:"S.E.C. Says It Missed Signals on Madoff Fraud Case"
123:(SEC) and dated and eventually married the niece of
1385:
1357:
1326:
1283:
295:, a financial services company based in Minnesota.
106:
96:
88:
78:
70:
49:
41:
34:
915:"Madoff Victims Claim Conflict of Interest at SEC"
874:
1491:U.S. Securities and Exchange Commission personnel
1098:"Report Details How Madoff's Web Ensnared S.E.C."
628:
626:
400:
398:
330:
328:
326:
324:
322:
320:
1376:United States v. Jerome O'Hara and George Perez
995:
993:
991:
1261:
1167:Brian Ross; Joseph Rhee (December 16, 2008).
19:For the American football wide receiver, see
8:
428:
426:
337:"A stock exchange caught in the Madoff mess"
1118:"SEC Compliance Official Recused on Madoff"
1111:
1109:
729:Williamson, Elizabeth (December 22, 2008).
1268:
1254:
1246:
1049:"Unlikely Player Pulled Into Madoff Swirl"
790:
788:
753:
751:
700:"Trustee sues Madoffs who helped run firm"
356:
354:
146:as Vice President of Regulatory Strategy.
31:
1169:"SEC Official Married into Madoff Family"
1051:, by Stephen Labaton, December 18, 2008,
964:
962:
523:
521:
487:
485:
483:
481:
479:
477:
1501:Fellows of the American Physical Society
761:The Fundamental Rules of Risk Management
216:
119:is an American lawyer who worked at the
1486:Hamline University School of Law alumni
913:Charles Gasparino (December 15, 2008).
316:
121:U.S. Securities and Exchange Commission
1228:"BATS Exchange | Management Team"
153:, who worked at the firm of her uncle
1100:, by David Stout, September 2, 2009,
731:"Shana Madoff's Ties to Uncle Probed"
7:
1026:Sandler, Linda (December 22, 2008).
940:Zachary A. Goldfarb (July 2, 2009).
1424:Madoff: The Monster of Wall Street
1002:"True love can never be regulated"
969:Pressler, Jessica (July 2, 2009).
635:"The Madoff saga is far from over"
633:Allan Dodds Frank (July 2, 2012).
203:Securities and Exchange Commission
197:Securities and Exchange Commission
140:Securities and Exchange Commission
14:
1116:Laura Strickler (April 6, 2009).
376:Slater, Dan (December 17, 2008).
335:Telis Demos (December 18, 2008).
1145:Money Manager's Compliance Guide
881:. Kogan Page Publisher. p.
191:Hamline University School of Law
62:Hamline University School of Law
23:. For the baseball pitcher, see
21:Eric Swanson (American football)
1000:Al Lewis (September 12, 2009).
1481:University of Minnesota alumni
1:
820:. Fox Business. March 4, 2006
758:Nigel Da Costa Lewis (2012).
261:Genevievette Walker-Lightfoot
185:(B.A.; 1990) and obtained a
1148:. Thompson Publishing Group
873:Alexander Davidson (2010).
181:native, graduated from the
1517:
1193:Jerry Oppenheimer (2009).
528:Jerry Oppenheimer (2009).
497:. Diane Publishing. 2010.
259:In March 2004, SEC lawyer
235:. She is also a niece of
227:Swanson is the husband of
18:
1277:Madoff investment scandal
1199:. John Wiley & Sons.
534:. John Wiley & Sons.
159:Madoff investment scandal
1476:Lawyers from Minneapolis
1064:Danny Schechter (2010).
562:Peter J. Sander (2009).
406:"Eric J. Swanson resume"
173:Early life and education
596:Erin Arvedlund (2009).
433:David Kotz, H. (2009).
183:University of Minnesota
56:University of Minnesota
917:. CNBC. Archived from
845:. Phoenix Books, Inc.
224:
179:Minneapolis, Minnesota
149:Swanson is married to
138:Swanson worked at the
1196:Madoff with the Money
531:Madoff with the Money
363:, December 18, 2008,
231:, who is daughter of
220:
207:conflicts of interest
921:on December 16, 2013
670:. Cengage Learning.
293:Ameriprise Financial
287:Ameriprise Financial
144:Ameriprise Financial
1431:No One Would Listen
735:Wall Street Journal
382:Wall Street Journal
305:BATS Global Markets
133:BATS Global Markets
83:BATS Global Markets
1443:The Wizard of Lies
1308:David G. Friehling
1102:The New York Times
1053:The New York Times
225:
1453:
1452:
1365:Recovery of funds
1206:978-0-470-50498-7
1077:978-1-934708-62-0
975:New York Magazine
892:978-0-7494-5393-0
852:978-1-59777-640-0
771:978-1-4398-1618-9
677:978-1-111-82516-4
609:978-1-101-13778-9
575:978-1-59921-811-3
541:978-0-470-57281-8
504:978-1-4379-2186-1
445:978-1-4379-2186-1
239:, who operated a
114:
113:
1508:
1436:Harry Markopolos
1401:Imagining Madoff
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710:on March 6, 2016
706:. Archived from
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645:on July 27, 2013
641:. Archived from
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189:degree from the
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1408:In God We Trust
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1303:Frank DiPascali
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568:. Lyons Press.
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117:Eric J. Swanson
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1394:Chasing Madoff
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1230:. BATS Trading
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237:Bernard Madoff
222:Bernard Madoff
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193:(J.D.; 1993).
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155:Bernard Madoff
125:Bernard Madoff
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764:. CRC Press.
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1418:(miniseries)
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1349:Eric Swanson
1348:
1285:Participants
1234:February 15,
1232:. Retrieved
1222:
1212:February 26,
1210:. Retrieved
1195:
1188:
1178:February 26,
1176:. Retrieved
1172:
1162:
1152:February 14,
1150:. Retrieved
1144:
1137:
1127:February 19,
1125:. Retrieved
1121:
1101:
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1083:February 14,
1081:. Retrieved
1066:
1059:
1052:
1044:
1034:February 15,
1032:. Retrieved
1021:
1011:February 19,
1009:. Retrieved
1005:
980:February 15,
978:. Retrieved
974:
951:February 15,
949:. Retrieved
945:
935:
925:February 15,
923:. Retrieved
919:the original
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36:Eric Swanson
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25:Erik Swanson
1344:Mark Madoff
1334:Ruth Madoff
1030:. Bloomberg
602:. Penguin.
177:Swanson, a
42:Nationality
1460:Categories
311:References
71:Occupation
64:(JD; 1993)
58:(BA; 1990)
1318:Investors
50:Education
1358:Response
1173:ABC News
1122:CBS News
107:Children
79:Employer
74:Attorney
45:American
704:Reuters
639:Fortune
1445:(film)
1416:Madoff
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213:Madoff
97:Spouse
1386:Media
411:. SEC
409:(PDF)
339:. CNN
89:Title
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