Following the Bernie Madoff scam, it became obvious that investors needed more protection for their assets when their brokerage firms failed and they became the victims of investment fraud and Ponzi schemes. This year, US Representative Gary Ackerman introduced the Ponzi Scheme Investor Protection Act of 2011. If this act becomes law, it could greatly restrict the power of Securities Investor Protection Corporation (SIPC) appointed trustees while increasing their accountability.
To find out more about how this new act if voted into law by the House of Representatives could affect you and your investments, continue reading this article written by Columbus, Ohio securities fraud attorneys at Meyer Wilson.Legal notice about the Ponzi Scheme Investor Protection Act of 2011 – What Investors Need to Know rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.
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