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SEC Rejects Madoff Customer Damage Claim for $1.7 Million; Lawsuit Likely

National News • June 24, 2009
The U.S. Securities and Exchange Commission has rejected an attempt by a Bernard Madoff customer to get the agency to pay $1.7 million she lost in the fraud, setting the stage for a federal ...

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Subject: I hope they win

Posted On: June 24, 2009, 5:26 pm CDT
Posted By: Baxtor
Comment:
The SEC is a bunch of overpaid political officials. Can someone explain to me how they can also allow corporations to sell millions of stock? Stock that they will never ever repay. So much stock that eventually they will collapse. I think the SEC should limit how much stock any corporation can have out at any one time. That way when the bottom falls out, maybe stock holders will get a little money back for their stake in the business. However, the SEC friends are the corporate CEO's so it makes sense. Everyone in Washington has a price tag and is already bought out.
Subject Posted By Posted On
Government Oversight Fred Hilpert
Jun 25, 2009, 7:19 am
Hope this is just a start Swindler
Jun 24, 2009, 5:28 pm
I hope they win Baxtor
Jun 24, 2009, 5:26 pm
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