Share on Google Plus
  1
Share on Twitter
  13
Share on Facebook
  2
Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 16 Shares     
Printer Friendly Page Save As Favorite View Favorites View Article Stats
No comments

General News

Public Funeral to be held May 8th in NYC

Become a Fan
  (1 fan)
By (about the author)     Permalink       (Page 1 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; , Add Tags  (less...) Add to My Group(s)

View Ratings | Rate It

opednews.com

Victims of the Bernard F. Madoff investment fraud will assemble to warn American investors that they too are at risk of becoming victims of a Wall Street fraud. The street demonstration will warn the general public that anyone investing in the market through a broker today is not protected from similar investment frauds and that Congress needs to act to remedy legislation passed in 1970 to create the Securities Investor Protection Corp. (SIPC).

.

A casket draped in black will signify the death of investor protections that the SIPC claims it provides.

Speakers will talk about the absence of justice for the victims and the importance of pending legislation in

Congress, H.R. 757. This proposed legislation will go a long way in restoring investor confidence in America's financial system.    H.R. 757 is the single most important piece of legislation currently before Congress. It will protect every investor who deals with a SIPC covered broker/dealer. Without it, SIPC will continue to make its own rules , disregarding Congressional intent at the expense of innocent investors.

Every broker/dealer in the U.S. is required to carry SIPC replacement coverage funded by broker/dealers. This leads investors to think that each of their accounts is insured for up to $500,000. "Don't, for one minute, believe that the SIPC logo on your monthly statements affords you any real protection. Madoff victims know from experience that it's a lie," says one investor who lost her life's savings in the Madoff fraud. "Government oversight is worthless"the SEC's multiple investigations of Madoff over many years found absolutely nothing wrong ."

Victims of the largest financial fraud in world history, the Madoff Ponzi scheme, will be on hand to speak

to the public and the media about their personal experiences and explain what can be done to ensure that

SIPC protection is real and that the statements produced by SEC regulated Wall Street brokers are legally binding on SIPC.

What:   A public street demonstration by Madoff victims against the Securities Investor Protection

Corporation's (SIPC) failure to protect investors and for support of H.R.757, which is now before

Congress.

Where:   Bowling Green Plaza, Manhattan.

When:   Tuesday, May 8, 2012, 11 a.m. to 3 p.m.

Visuals: Large group of Madoff victims gathered in front of a tombstone and a casket, signifying the death of investor protection. Live performance by a singer, appropriate for the event.   Also on hand will be

other visuals to convey to the public the importance of H.R. 757 for all Americans.

Next Page  1  |  2

 

Take action -- click here to contact your local newspaper or congress people:
Support H.R.757 to protect all American investors.

Click here to see the most recent messages sent to congressional reps and local newspapers

http://www.bernardmadoffvictims.org

I am a retired computer analyst and former Yoga instructor originally from New York. My life changed abruptly on December 11, 2008 when Bernard Madoff, my only source of income, confessed to running largest Ponzi scheme in history. I've been (more...)
 
Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Who Decides What Madoff Victims Get? Picard or the Law?

Bernard Madoff Victims Get Support from US Congress

Fraud Magazine Honors Irving Picard

Net Equity for Madoff Victims-Supported by Numerous Attorneys

Will Madoff Trustee Irving Picard Pursue the SEC for Complicity in the Fraud?

BernardMadoffVictims Coalition Seeks Congressional Intervention To Ensure SEC Follows the Law

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments