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Madoff Investor Sues SEC

By Mark H. Astarita, Esq.

Here we go, a first in what will undoubtedly be numerous attempts - a Madoff investor has sued the SEC for negligence, which she claims cause her to lose $2 million dollars with Madoff. Investor Who Lost Money in Alleged Scheme Seeks Relief From SEC - WSJ.comA New York woman who lost nearly $2 million investing with Bernard Madoff has filed a claim against the Securities and Exchange Commission alleging the agency was negligent in failing to detect an alleged decades-long fraud.

Full post as published by SECLaw.com on December 23, 2008 (boomark / email).