Question: Why did Madoff fail? [Select all that apply] 1. The market was so bad that people needed their money. 2. Madoff was not able to

Why did Madoff fail? [Select all that apply]

1. The market was so bad that people needed their money.

2. Madoff was not able to attract new money.

3. The SEC required Madoff to be registered

4. The exchange rate on the internationally investments was too high.

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