3 ex-Madoff employees banned, judge rules no hedgie media bias

Bernie Madoff

The Securities and Exchange Commission has barred three former employees of Bernard Madoff's now defunct brokerage and investment advisory firm from the securities industry for assisting the convicted Ponzi schemer with his multi-billion dollar scam, according to orders from the agency.

Reuters reports that the SEC released orders late Thursday permanently barring David Kugel, Eric Lipkin and Enrica Cotellessa-Pitz.

The three former employees of Bernard L. Madoff Investment Securities LLC each agreed to the sanction to settle civil proceedings started by the agency in 2011.

Finally, The New York Post reports that the judge overseeing Michael Steinberg’s insider trading trial said he’s not inclined to give the SAC Capital trader special treatment tied to the 'media storm' surrounding the high-profile case.

Steinberg’s lawyer had asked Manhattan federal Judge Richard Sullivan to give potential jurors a questionnaire to screen for bias as a result of the media coverage stemming from Steinberg’s upcoming trial.

SEC bans three ex-Madoff employees from securities industry

Judge: No Steinberg bias seen

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