Oversight of the Securities Investor Protection Corporation Senate Hearing

Wednesday, September 30th, 2015

Click here to view webcast of hearing. (Please note, due to the delay in the hearing start time, the webcast does not actually start recording until about 14 minutes in)

Panel 1

• Mr. Stephen Harbeck [view testimony]
President and CEO
Securities Investor Protection Corporation

• Mr. Sigmund S. Wissner-Gross [view testimony]
Counselor at law
Brown Rudnick LLP

• Professor J.W. Verret [view testimony]
Assistant Professor of Law
George Mason University School of Law

• Mr. James W. Giddens [view testimony]
Hughes Hubbard & Reed LLP [...]

Geneva wealth managers pay defrauded investors to settle Madoff case

Five former Geneva wealth managers have paid “substantial compensation” to settle criminal complaints brought by clients whose assets they had invested with U.S. fraudster Bernard Madoff, the Geneva prosecutor’s office said on Friday. The case was launched in 2009 against five directors of Aurelia Finance, a Geneva-based private bank that prosecutors said had lost up to $800 million of clients’ money by investing in Madoff’s “Ponzi” scheme, which used money from new investors to pay existing clients. More on Thanhnien News [...]