6 Articles

Friday, September 4, 2009
The SEC is Incompetent, but what about FINRA?
The SEC, created to ensure safety in our Financial Markets received a scathing report in its handling of the Madoff fraud. Now, there's reason to believe that FINRA not only dropped the ball, but may have invested its internal portfolio with Madoff. SIPC is not protecting as it's mandated to do. Where is the protection for ALL American Investors?

Monday, July 27, 2009
MARY SCHAPIRO ANSWERS THE QUESTION MADOFF VICTIMS HAVE BEEN ASKING FOR 7 MONTHS
(1 comments) Investors who trusted the SEC to oversee the broker/dealers and to assure them of fair market practices are learning that this trust was misplaced. The SEC has failed to protect investors in the past and continues to do so, even in light of admitting these failures in the Bernard Madoff Ponzi Scheme. Now, the SEC's Commissioner is saying there are insufficient funds to pay those who trusted in her agency.

Monday, July 13, 2009
BernardMadoffVictims Coalition Seeks Congressional Intervention To Ensure SEC Follows the Law
Former Madoff Investors are seeking Congress to intervene on their behalf. The SEC has a responsibility to enforce rules that are already in place to ensure that victims of investment fraud are protected under the Securities Investors Protection Act. To date,these rules aren't being followed and the SEC has not intervened. The victims are asking Congress to ensure that the SEC act as they are legally mandated to do.

Sunday, May 17, 2009
Who Decides What Madoff Victims Get? Picard or the Law?
(1 comments) Helen Davis Chaitman, Esq. provides this response to the May 6, 2009 article by Irving H. Picard, Trustee of Bernard L. Madoff Investment Securities, LLC and Stephen P. Harbeck, Chief Executive Officer of the Securities Investor Protection Corporation. For the past five months, Ms. Chaitman has been working with a group of approximately 350 Madoff investors on a pro bono basis.

Thursday, May 7, 2009
My Letter to Judge Chin at Bernard Madoff's Plea Hearing
On March 12th my husband,Dominic and I sat in the courtroom-20 feet from the man who ruined so many lives.We attended Bernard Madoff's plea hearing.It was important to me as a victim to be heard. I wrote this letter to Judge Chin in hopes that it would make a difference. The hearing is over,but I still hope it made a difference. I was 1 of 3 victims who spoke in court that day,and I will forever be grateful that I did.

Sunday, May 3, 2009
Bernard Madoff Victims Get Support from US Congress
(5 comments) Former Madoff investors are not going to be victimized again.They have joined together to solicit the aid of legislators to help them receive the restitution they are legally entitled to.Investors are encouraged by the Congressional support received from Congressmen Klein and Wexler,and request that additional representatives do their part in getting the SEC to fulfill its statutory obligation to force SIPC to abide by SIPA.