There has been forensic accounting that has shown that there was no money in that Antiguan bank backing up the CDs.
the average customer is sort of actively being misled, as given this 'Good Housekeeping Seal,' member firms are actively...
I think the proposed legislation identifies several ways in which we can hopefully begin to rectify the problem.
I represent a lot of Stanford investors.
it seems to me that is particularly ironic that it is least certain in many cases of outright fraud versus market failur...
Right, except they had a CD and they never agreed to lend money to the brokerage firm.
I do question the conflict of interest between people who are named over and over and over as trustees, make a lot of mo...
Do you think that poses a potential conflict?
The status quo is a really perverse and rigged system that allows Wall Street to suck in innocent investors.
Was there money in the Antiguan bank backing up those CDs?
Today, no investor can be confident their assets are protected by SIPC as Congress intended when SIPA was enacted.
Congress owes it to investors to act and to change this.
I think there has to be a better path to ensuring that SIPC, true to its mandate, is truly independent.
There was absolute fraud ab initio.
So, do you think it was a fair characterization in making that argument that in buying CDs, these customers were loaning...
I do not think an entity like FDIC would have spent tens of millions of dollars to do back-somersaults to make those sor...
This is a tool that President Obama has used more than any other president to date.
What is really most troubling here is that these areas already have a great deal of protections under the Magnuson-Steve...
