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An Exciting National Alliance

Dear Fellow NIAP Member –

After nearly four years of Madoff investors being frustrated at nearly every turn, I have two important and exciting announcements that should be of great interest in our battle to provide relief and enhance protections for investors who have been abandoned by our investor protection system.

H.R. 757 Markup Postponed

Dear Members, Fraud Victims and Investors –

Having come so close, and having worked so hard, it’s difficult to convey to our fellow Madoff victims and other investors that the markup of HR757 has been postponed. Simply put, it has “run out of time”. As we were heading closer and closer to the recess, we knew it was going to be tight. As we feared, after lengthy discussions it was decided Tuesday that the very limited time and an enormously congested calendar will make it nearly impossible to get this bill through the House in this session. The Congressman Garrett has expressed his sincerest regrets, and has committed to redouble his efforts to get this legislation passed as soon as possible in the next Congressional session which he feels will be more conducive to getting this bill through quickly. A statement will be shortly forthcoming from his office.

We — and you — have worked so hard for this. Despite our disappointment, we applaud Congressman Garrett and his dogged effort and join with him in his vow to work diligently in the future to pass this legislation. Having worked so closely with him and his terrific staff, there is no question in our minds about the sincerity of his commitment to help us.

We, too, should redouble our efforts to facilitate passage by strengthening our grassroots efforts to give us greater influence outside the Madoff-impacted Congressional districts, and building up the internal capacity to do so. For the sake not only of Madoff investors who have endured over 3 ½ years of misery over this debacle, but for the protection of every investor who might otherwise find themselves next to be defrauded, we must continue to work to make these desperately needed protections the law of the land.

On behalf of staff, volunteers and the organization, our sincerest thanks for your support and best wishes. It’s taken a long time, but we’ve already gone far. Ironically, this hiccup sets us up for a potentially smoother, more expeditious process. The next session is just a blink away. Let’s get busy. We can do this.

In Peace,

Ron Stein, [...]

Alert – Markup of H.R. 757 – The Equitable Treatment of Investors Act – Scheduled

Wednesday, August 1st, 2012 at 10:15am in 2128 Rayburn HOB.
If your Congressman is a Capital Markets Subcommittee member and not currently a co-sponsor, we need your letters now!
Click here to check and submit your letter [...]

NIAP Update - June 22nd, 2012

Legal Update

Dear NIAP Member,

In last week’s update, I brought Madoff victims up to speed regarding HR757, and its movement forward in the House Capital Markets Subcommittee. This week’s update will focus on the Court actions taking place. Legal activity is occurring on two major fronts: the Supreme Court of the United States (SCOTUS) on Net Equity, and the District Court before Judge Jed Rakoff, who will be ruling on various clawback-related actions.

NIAP Update - June 12th, 2012

LEGISLATIVE & GRASSROOTS UPDATE
HEADLINES:
• SIPC legislation moving forward as support gains in Congress
• Grassroots efforts asked to step back and wait until legislation moves to markup
• Request for those with close relationships with Congressional members (“Grasstops”)

Dear Friend –

I realize it’s been some time since our last update, sent out shortly after the March SIPC hearings. Don’t mistake the quiet for lack of activity, however, as a significant amount of activity has been going on behind the scenes the entire time [...]

Alert:

As many of you know, NIAP is actively engaged with a lobby firm in Washington DC working diligently with congressional offices to move forward the modification and implementation of pending legislation that will provide some relief to ponzi fraud victims as well as provide for better protection to future US investors. We believe that obtaining some updated SIPC claim statistics, this information can be used in a very productive manner. Please take a moment to complete a very brief survey to update our statistics by clicking this link. (Deadline for completion is June [...]

SIPC: Past, Present and Future – March 7th 2012 Hearing –

We now have 15 video segments of individual testimony and the Q&A sessions available on NIAP’s YouTube Channel.

Please feel free to share these videos with others to help educate and promote awareness of the issues and risks affecting investors today, and don’t forget to tell them to write their representatives – Click here for letter templates and representative contact information. [...]

Why should your representative co-sponsor H.R. 757?

Check out the newly posted SIPC Misconduct Top Ten List on our letter-writing webpage -if you haven’t yet written to your representative, we urge you to do so now. Simply click here, select one of the sample templates, print and mail. (If you prefer, you can write your own letter). And don’t forget to forward the link to your friends asking them to write [...]

ALERT:

APRIL 2nd DEADLINE FOR WITHDRAWAL OF REFERENCE

An important message for those seeking removal of their clawback case from the Lifland bankruptcy court to the District Court

A joint order has been issued by the United States District Court and the Bankruptcy Court setting April 2, 2012 as a cut-off date to file Withdrawal of Reference motions in Madoff Liquidation claw back cases.

Alert:

Click here to view written transcript for the House Committee on Financial Services [...]