Madoff Fallout Could Boost Tech Oversight

Clients apparently could either input their orders to the firm's trading room electronically or by making a telephone call.

Madoff also claimed to possess "one of the most sophisticated disaster recovery facilities found anywhere in the securities industry." In addition to its offices in Manhattan, the firm maintained a fully equipped facility near LaGuardia Airport, according to its cached pages.

Some news reports, however, claim that Madoff issued only sparse paper reports to his investors, despite his company's supposedly state-of-the-art IT systems.