first day they are react to steve jobs taking a medical leave. apple shares down 5 1/3% right now. things could turn around quickly because the company is reporting quarterly earnings after today after ipad sales expectations are high for the company. citigroup said an hour ago it made more than a billion dollars last quarter but a disappointment as wall street expecting better. we will hear from wells fargo and bank of america so citigroup might have soured the tone a bit. markets in the early going dow up 16 points. and taking a look at nasdaq it is on the down side by four poise at 27.51. talk to you more this hour. thanks. bottom of the hour. let s check the other stories on our radar. congresswoman gabrielle giffords improved having a two
we took the lesson of madoff to heart, to a very great degree. reporter: you could call robert khuzami the enforcer. he s tasked with uncovering fraud and bringing charges against alleged perpetrators. he s had to recruit some of wall street s top talent without the promise of big paydays, to catch the next madoff, the s.e.c. needs people who know the game inside and out. how do you pick them? can you give me your pitch to maybe a top wall street trader? it s not that hard to sell. reporter: really? because a lot of people want to be on the right side. reporter: but the challenges for regulators are mounting. the number of investigations has doubled in the last year, and they re more complex than ever before. henry hu is the man charged with monitoring them as head of the s.e.c. s first new division in nearly four decades. part of what this division is all about is bringing in these fresh insights, the new skill sets, to people who understand these derivatives and other
after the stock market crash of 1929. but in the most recent financial crisis, the sec missed the biggest financial fraud in history, madoff. but there are new sheriffs in town. call them the top cops of wall street, and they say this time things will be different. we took the lessons of madoff to heart to a very great degree. reporter: you could call him the enforcer. he s tasked with uncovering fraud and bringing charges against alleged perpetrators. he s had to recruit some of wall street s top talent without the promise of big paydays. to catch the next madoff, the sec needs people who know the game inside and out. how do you pitch them? can you give me your pitch to make a top wall street trader? it s not that hard a sell. really? because a lot of people want to be on the right side. reporter: but the challenges for regulators are mounting. the number of investigations has
robert khuzami the enforcer. he s tasked with uncovering fraud and bringing charges against alleged perpetrators. he s had to recruit some of wall street s top talent without the promise of big paydays, to catch the next madoff, the s.e.c. needs people who know the game inside and out. how do you pick them? can you give me your pitch to maybe a top wall street trader? it s not that hard to sell. reporter: really? because a lot of people want to be on the right side. reporter: but the challenges for regulators are mounting. the number of investigations has doubled in the last year, and they re more complex than ever before. henry hugh is the man charged with monitoring them as head of the s.e.c. s first new division in nearly four decades. part of what this division is all about is bringing in these fresh insights, the new skill sets, to people who understand these derivatives and other complex financial products of today to better protect investors. reporter: but the s.e.c.
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