Securities

Recent Posts

SEC Efforts to Compel SIPC Coverage For Stanford Victims Rejected
Posted on 22 Jul 2014 by Thomas O. Gorman

The D.C. Circuit rejected efforts by the SEC to compel the Securities Investor Protection Corporation to liquidate a broker-dealer that was part of the Stanford Ponzi scheme empire. The investors had purchased CDs from an off-shore Stanford entity. The... Read More

Fraud Professionals are the Real Winners in Madoff Case
Posted on 4 Apr 2011 by Mark Zimbelman

The fees paid to fraud professionals such as attorneys, consultants and accountants to clean up the mess that Bernie Madoff's famous Ponzi scheme left is projected to reach over $1 billion! According to the Washington Post the fees paid to such... Read More

Winners and Losers in the Madoff Case
Posted on 8 Mar 2011 by Mark Zimbelman

Irving Picard, the trustee in the Madoff case, was in court last week as a panel of three judges heard arguments on whether net winners in the Madoff case ought to be able to collect money from the government. Net winners are those who took more cash... Read More

SEC Files Lawsuit Against SIPC in Dispute Over Coverage of Stanford Ponzi Scheme
Posted on 13 Dec 2011 by Jordan D. Maglich

In a likely unprecedented move, the Securities and Exchange Commission ("SEC") filed a lawsuit against the Securities Investor Protection Corporation ("SIPC") as the culmination of a six-month effort to force SIPC to compensate... Read More

Court Dismisses SEC Bid to Force SIPC to Cover Stanford Victim Losses
Posted on 9 Jul 2012 by Jordan D. Maglich

A federal judge has denied an attempt by the Securities and Exchange Commission ("SEC") to force an industry-funded nonprofit to institute a claims process for the victims of R. Allen Stanford's $7 billion Ponzi scheme. United States District... Read More

  • Blog Post: Winners and Losers in the Madoff Case

    Irving Picard, the trustee in the Madoff case, was in court last week as a panel of three judges heard arguments on whether net winners in the Madoff case ought to be able to collect money from the government. Net winners are those who took more cash out of Madoff's funds than they put in. Apparently...
  • Blog Post: Fraud Professionals are the Real Winners in Madoff Case

    The fees paid to fraud professionals such as attorneys, consultants and accountants to clean up the mess that Bernie Madoff's famous Ponzi scheme left is projected to reach over $1 billion! According to the Washington Post the fees paid to such professionals last year were almost $300 million...
  • Blog Post: SEC Files Lawsuit Against SIPC in Dispute Over Coverage of Stanford Ponzi Scheme

    In a likely unprecedented move, the Securities and Exchange Commission ("SEC") filed a lawsuit against the Securities Investor Protection Corporation ("SIPC") as the culmination of a six-month effort to force SIPC to compensate victims of R. Allen Stanford's $7 billion Ponzi...
  • Blog Post: Court Dismisses SEC Bid to Force SIPC to Cover Stanford Victim Losses

    A federal judge has denied an attempt by the Securities and Exchange Commission ("SEC") to force an industry-funded nonprofit to institute a claims process for the victims of R. Allen Stanford's $7 billion Ponzi scheme. United States District Judge Robert Wilkins issued an order today finding...
  • Blog Post: SEC Efforts to Compel SIPC Coverage For Stanford Victims Rejected

    The D.C. Circuit rejected efforts by the SEC to compel the Securities Investor Protection Corporation to liquidate a broker-dealer that was part of the Stanford Ponzi scheme empire. The investors had purchased CDs from an off-shore Stanford entity. The Circuit Court affirmed the decision of the District...