Proceedings to Examine SIPC Protections Coincide with First Anniversary of Madoff Arrest
Washington, DC – Congressman Paul E. Kanjorski (D-PA), the Chairman of the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, today announced that he will convene a third proceeding looking into the $65 billion Ponzi scheme engineered by Mr. Bernard L. Madoff. The hearing will focus on a variety of policy issues involving the Securities Investor Protection Corporation (SIPC) identified as a result of the Madoff scandal, and these discussions could provide the basis for additional reforms to Chairman Kanjorski’s Investor Protection Act, which passed the Financial Services Committee in November. The hearing will also occur during the week of the first anniversary of Mr. Madoff’s arrest. Click here for full press release.
Sourced from: Madoff Help News & Assistance
