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2 Madoff Victims Sue SEC

Regulators are responsible for victims' losses, suit claims

By Nick McMaster, Newser Staff

Posted Oct 14, 2009 3:32 PM CDT

(Newser) – Two investors who lost a combined $2.4 million to Bernie Madoff’s ponzi scheme have sued the SEC for negligence. The lawsuit argues that the commission should reimburse the plaintiffs for their losses because it failed in its duty to protect investors. Regulators had... Read full story »

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2 Madoff Victims Sue SEC

Regulators are responsible for victims' losses, suit claims

fraud • SEC • lawsuit • investment • Bernard Madoff • Bernard L. Madoff Investment Securities

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