The SEC in Action... err, Partial Action The media are now piling on the SEC and the Madoff failure, something that we highlighted last week. Reporting to the SEC We suppose that other investment advisors have made reports to the SEC.  We have done so on two occasions.  In both cases there was a slam-dunk violation of the '33 Act, a stock offering that was obviously fraudulent, not meeting the terms of the Act. The SEC does not respond to reports -- not at all.  There is not even an acknowledgment.  In one of our reports, the illegal fund was quickly closed down.  The reported losses were in the tens of thousands, but who knows how much it really was.  We have no idea whether our report was instrumental, but the timing suggested that it was.  The other guy continues to ...