FOR IMMEDIATE RELEASE
Nov. 10, 2010

NIAP TO COURT: ‘INCOMPREHENSIBLE’ SIPC TRUSTEE MOTION
VIOLATES MADOFF VICTIMS’ RIGHTS

The Network for Investor Action and Protection (NIAP) filed a letter with US Bankruptcy Court in the Southern District of New York (click here to continue reading…)

FOR IMMEDIATE RELEASE
October 19, 2010
Contact: Phil Singer/Ron Bonjean
(202) 349-1402

NIAP: SIPC MUST STOP STONEWALLING & MAKE MADOFF RECORDS AVAILABLE TO VICTIMS

The Network for Investor Action and Protection (NIAP) today called on the Securities Investor Protection Corporation (SIPC) to make all records related to ongoing liquidation proceedings stemming from the Madoff Ponzi scheme available to his victims. In a letter to SIPC Trustees Harbeck and Johnson, NIAP President Ron Stein called on SIPC (click here to continue reading…)

FOR IMMEDIATE RELEASE
September 23, 2010
Contact: Phil Singer/Ron Bonjean
(202) 349-1402

LONG OVERDUE REVIEW OF THE SECURITIES INVESTOR PROTECTION CORPORATION RECEIVES HEARING; NIAP URGES FINANCIAL SERVICES COMMITTEE TO KEEP PRESSURE GOING (click here to continue reading…)

LONG Overdue Review of the Securities Investor Protection Corporation TO FINALLY GET HEARING NEXT WEEK

With Congress poised to examine how the Securities Investor Protection Corporation (SIPC) can better protect investors, the Network for Investor Action and Protection (NIAP) urged the House Financial Services Committee to closely scrutinize the agency at a hearing (click here to continue reading…)

Following is a press statement from Ron Stein, President of NIAP regarding the LA Times column on the Securities Investor Protection Corporation:

“NIAP strongly advocates a thorough examination of the Securities Investor Protection Corp. to ensure more comprehensive protection of innocent investment fraud and broker-dealer failure victims. It is very clear that SIPC is inconsistent, unfair and sluggish in the way it handles investor claims and that it was unprepared to handle large-scale, complex brokerage failures.” (click here to continue reading…)

8/2/10

Network for Investor Action and Protection Media Statement

Following is a press statement from Ron Stein, President of the Network for Investor Action and Protection, on the planned September House Financial Services Committee hearings to assess the limitations of the Securities Investor Protection Act: (click here to continue reading…)

Network for Investor Action and Protection (NIAP) Media Statement

Following is a press statement from Ron Stein, President of NIAP on the Madoff Trustee’s announcement of clawback initiatives:

“NIAP is strongly opposed to clawbacks of investors who are innocent of any wrongdoing. For all of the other lawsuits the Securities Investor Protection Corp. Trustee has filed to recover assets (click here to continue reading…)