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 [...]
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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 [...] H.R. 1982 New CoSponsor 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 [...] HR 1982 – RESTORING INVESTOR PROTECTION & CONFIDENCE ACT OF 2015 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 [...] 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 [...] 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! 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. [...] H.R.3482 – Two New Co-sponsors H.R. 3482 – Restoring Main Street Investor Protection and Confidence Act |
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