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About NIAP

The Network for Investor Action and Protection (NIAP), is a not-for-profit organization founded by former investors of Bernard L Madoff Securities Inc. (BLMIS). An advocacy group for all victims of Ponzi frauds, NIAP supports regulatory reform to enforce effective policing for the prevention of future investment and securities fraud, and improved and proper support for all victims currently suffering from the unfortunate and potentially devastating fallout from this type of crime.

As a 501(c)4 tax-exempt organization, NIAP can actively solicit donations to lobby for legislative changes at both the state and federal levels. NIAP is also committed to working directly with the investment community and financial services industry to reduce the likelihood that rogue investment firms, such as BLMIS and the Stanford Financial Group, will be able to victimize investors in the future, further undermining investor confidence.

The Madoff fraud has highlighted the need for much-needed regulatory changes at the various oversight agencies, including the Securities and Exchange Commission (SEC), the Financial Institutions Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC), and that is a key NIAP priority.

NIAP is a collaboration of existing Madoff investor groups and individuals and the investor population at large who are aware of these problems and concerned about improved protection and — safety of their brokerage accounts.

NIAP is an evolution of the first group formed to assist victims of the Madoff fraud — Madoff Survivors — and is comprised of hundreds of participants nationwide on an active Google internet group, volunteers and an oversight committee. The group has a good record of success. Working together with the popular website, Madoff-Help.Com, NIAP is the result of nearly a year of planning that has included the participation of -the New York Area Victims Coalition, members of Bernardmadoffvictims.org, Ponzi Victims Coalition and other groups and individuals from around the country. By uniting all investment fraud victims and their relief efforts we will work together to help improve and ensure a sound financial system.



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