According to the complaint filed with the U.S. District Court of Southern New York, two senior employeesof the securities broker firm told investigators that Madoff ran the advisory business from a separate floor of the securitiesfirm offices.
Upending a closely watched ritual in place since 1996, the New York securitiesfirm told employees Thursday it now plans to promote a new crop of managing directors every two years, instead of each year.