Categories

ALERT:

H.R. 1982 – Two New Co-Sponsor: Congressman Mario Diaz-Balart [R-FL25] and Congressman Jared Huffman [D-CA2] have signed on to cosponsor H.R. 1982 – Restoring Main Street Investor Protection and Confidence [...]

ALERT:

H.R. 1982 New CoSponsor
Congressman Christopher “Chris” Smith [R-NJ4] has signed on to support H.R. 1982!
If you reside in Congressman Smith’s district, please take a moment and send a Thank You letter by clicking here. [...]

ALERT

H.R. 1982 New CoSponsor
Congressman Cedric Richmond [D-LA2] has signed on to support H.R. 1982!
If you reside in Congressman Richmond’s district, please take a moment and send a Thank You letter by clicking here. [...]

ALERT H.R. 1982 New Cosponsor

– Congresswoman Kay Granger [R-TX12] has signed on to support H.R. 1982!

If you reside in Congresswoman Granger’s district, please take a moment and send a Thank You letter by clicking [...]

LEGISLATIVE ALERT - SIPC LEGISLATION REINTRODUCED TO HELP MADOFF, STANFORD, AND MCGINN SMITH INVESTORS

HR 1982 – RESTORING INVESTOR PROTECTION & CONFIDENCE ACT OF 2015
INTRODUCED BY CONG GARRETT & MALONEY WITH OVER 40 ORIGINAL CO-SPONSORS

After months of anticipation, Capital Markets Subcommittee Chairman Garrett and Congresswoman Maloney announced the reintroduction of the long-awaited SIPC legislation that promises SIPC protection for all investor customers of broker-dealers, and relief for thousands of innocent Madoff and Stanford victims. The legislation is precisely the same as what was introduced in the 113th Congress, and retains the original name: The [...]

Mixed ruling for fraud victims

A federal judge this week granted a request by the U.S. Securities and Exchange Commission to use the seized assets of imprisoned former Albany brokers David L. Smith and Timothy M. McGinn to repay victims in what the government said was a years-long fraud scheme. But in his decision, U.S. District Chief Judge Gary L. Sharpe rejected the SEC’s request for $124 million, saying that the agency did not adequately document that amount as the total investors lost. Sharpe criticized the SEC for its “haphazard filing” in which he said it gave inconsistent estimates for the losses of hundreds of former investors at the brokerage. In the SEC’s legal brief, which the judge said contained typographical errors, the agency put investor losses at more than $80 million, but then said the losses were “approximately $100 million.” More in the Times Union [...]

ALERT: 2 New Co-sponsors Sign on to H.R.3482 – Restoring Main Street Investor Protection and Confidence Act

Congressman Mario Diaz-Balart [R-FL25] and Congressman Tom Cotton [R-AR4] have signed on to co-sponsor H.R.3482, bringing the number of co-sponsors to 55!
Click here for a current list of co-sponsors. If your Representative is not yet a co-sponsor, please urgently call and write your representative to get them to sign on. Letters can be submitted on-line at www.fixsipcnow.org, where you can also find a Congressional directory for phone contact information.
[...]

ALERT: New York State Residents

NOW is the time to write Senator Schumer, thank him for his leadership and encourage him to engage his fellow Senators to join him in supporting S.1725, Restoring Main Street Investor Protection and Confidence Act. Submit your letter by clicking here. [...]

ALERT:

H.R.3482 – Two New Co-sponsors
Congresswoman Kay Granger [R-TX12] and Congressman Tom Marino [R-PA10] have signed on to Co-sponsor H.R.3482 – Restoring Main Street Investor Protection and Confidence [...]

ALERT:

H.R. 3482 – Restoring Main Street Investor Protection and Confidence Act
New Co-Sponsor: Representative Christopher Smith [R-NJ4]. This brings the number of co-sponsors to date to 51. If your representative is currently not co-sponsoring H.R. 3482 (click here for a list of current co-sponsors), we urge you to visit www.fixsipcnow.org to write your representative, and follow up with a call to their [...]