Moments ago (at 2:30 pm EDT), Senate Banking Committee Chairman Chris Dodd opened the committee's hearing on: Oversight of the SEC’s Failure to Identify the Bernard L. Madoff Ponzi Scheme and How to Improve SEC Performance http://banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&H... [2] . Testimony has been posted on the SEC website for SEC Inspector General H. David Kotz http://www.sec.gov/news/testimony/2009/ts091009hdk.htm [3] , and for the Robert Khuzami, Director of the SEC's Division of Enforcement & John Walsh, Acting Director, SEC's Office of Compliance Inspections & Examinations (OCIE) http://www.sec.gov/news/testimony/2009/ts091009rk-jw.htm [4] . Also scheduled to testify: Harry Markopolos. All testimony will be posted on the hearing website linked above.

Compliance Week is live-blogging the hearing here http://www.complianceweek.com/blog/carton/2009/09/10/live-coverage-of-to... [5] .