Securities Investor Protection Corporation: Customer Outcomes in the Madoff Liquidation Proceeding

Home > Diane Publishing Books >

Our Price: $25.00

By A. Nicole Clowers (au)
Year: 2012
Pages: 80
Binding Paperback
ISBN 978-1-4578-3931-3

Product Code: 1457839318

Description

After the collapse of Bernard L. Madoff Investment Securities, LLC -- a broker-dealer and investment advisory firm with thousands of individual and institutional clients -- the Securities Investor Protection Corp. (SIPC), which oversees a fund providing up to $500,000 of protection to qualifying individual customers of failed securities firms, selected a trustee to liquidate the Madoff firm and recover assets for its customers. This report discusses (1) the extent to which account activity varied by type of Madoff customer; (2) the nature of claims filed, and rejected or approved, with the Trustee for reimbursement of losses; (3) litigation and settlement activity the Trustee has pursued in seeking to recover assets for distribution to customers; and (4) the effect of the fraud on customersäó» federal income tax liabilities. Figures and tables. This is a print on demand report.

Share your knowledge of this product with other customers... Be the first to write a review