TITLE

Bernie, the SEC, the SIPC and Me: One Customer's Story

AUTHOR(S)
Dodge, John
PUB. DATE
November 2009
SOURCE
Securities Industry News;11/2/2009, Vol. 21 Issue 20, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article features coordinator Ronnie Sue Ambrosino of the Bernard Madoff Victims Coalition and her recovery from Bernard Madoff's Ponzi scheme. Ambrosino contends that the Securities Investment Protection Corp. (SiPC) should reimburse the victimized investors the value of their accounts as of November 30, 2008, which was the last statement released by Madoff. Trustee Irving Picard of SiPC counters that the November 30, 2008 statements were fictitious and that there were no missing securities to recover.
ACCESSION #
45266911

 

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