BATON ROUGE — U.S. Rep. Bill Cassidy reintroduced legislation this week that could provide victims scammed out of money in investment schemes a quicker path to financial restitution. It is called the Improving Security for Investors and Providing Closure Act, or Improving SIPC Act. Cassidy, R-Baton Rouge, said it targets so-called Ponzi schemes, like those perpetrated by Bernie Madoff and R. Allen Stanford. More in HoumaToday here.
