No, I will not be watching the Madoff TV Movies

Monday, February 1st, 2016

sipc-logo-member
Find your  investment statement ... I'll wait -- now look at that nice little SIPC logo at the bottom of the statement... it should look like this: You feel comforted, right? that SIPC's "got your back."  Those invested with Madoff thought the  very same thing In the days and weeks following the ...


Five years on – Madoff Investors still in the Cold

Wednesday, December 11th, 2013

Five years ago today, the world became aware of the fraudster of the century, Bernard L. Madoff. It's been 5 years and thousands of Madoff investors are still waiting for the organization sworn to protect investors - the Securities Investor Protection Corporation - to live up to its promise to ...


Madoff and Stanford Investors Push for SIPC Reform

Tuesday, November 19th, 2013

Could the third time be the charm?  Victims of Allen Stanford and Bernie Madoff have been waiting literally years for Congress to act on the insufficient protection given to investors in SIPC protected securities firms.  The first hearings were held in early 2009 at which time the organization's President, Stephen ...


Madoff Investors and #OccupyWallStreet – An Unlikely Alliance

Tuesday, October 4th, 2011

Cong. Scott Garrett has shown yet again his deep understanding of the Madoff affair by asserting that the embattled Securities and Exchange Commission (SEC) is more interested in protecting Wall Street than Main Street, and that the Madoff victims have been the canaries in the coal mine.    Nearly three years ...


Madoff Trustee’s Bad Day in Court is Not a Good Day for Investors

Sunday, July 31st, 2011

Judge Jed Rakoff made a groundbreaking decision in one of the many court filings related to Madoff debacle on Friday, ruling that the Trustee assigned to oversee the liquidation of this SEC-approved, SIPC member broker-dealer liquidation, had overstepped his authority by suing banks on behalf of the victims of the ...