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    New Jersey Bureau of Securities Looking for Panelist

    The Bureau will be hosting a conference at Rutgers University in New Brunswick, NJ on November 13th. The target audience will be primarily NJ residents, and specifically targeting unions and pension funds. They are putting together a panel to speak about securities frauds, risk, and impact to victims. The Chief of the Bureau, Laura Posner has reached out to us to invite a Madoff victim to participate on the panel. If anyone may be interested in joining the panel or what to find out more, you can contact Laura Posner at (973) 504-3610, Laura.Posner@lps.state.nj.us

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    ALERT: New York State Residents

    NOW is the time to write Senator Schumer, thank him for his leadership and encourage him to engage his fellow Senators to join him in supporting S.1725, Restoring Main Street Investor Protection and Confidence Act. Submit your letter by clicking here.

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    ALERT:

    H.R.3482 – Two New Co-sponsors
    Congresswoman Kay Granger [R-TX12] and Congressman Tom Marino [R-PA10] have signed on to Co-sponsor H.R.3482 – Restoring Main Street Investor Protection and Confidence Act.

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    Victims fume as Madoff son leaves $16 million estate

    Andrew Madoff, the younger son of Ponzi schemer Bernard Madoff, died leaving a $16 million fortune, according to reports in New York City media. The extent of his wealth was unknown even to prosecutors until his will was filed Thursday in Manhattan Surrogate Court, according to the New York Post. The revelation has left some of his father’s victims angry. The younger Madoff, who died of lymphatic cancer earlier this month, was never charged and claimed he knew nothing of his father’s fraud, despite working closely with him. More in USA Today here.

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    Landrieu: Stanford Ponzi Scheme Victims Deserve Justice

    WASHINGTON – Last week, U.S. Senator Mary Landrieu, D-La., wrote to U.S. Securities and Exchange Commission (SEC) Chair Mary Jo White about her disappointment in the SEC’s decision to not appeal the Stanford Ponzi Scheme Victim’s case. Click here for the Senator’s Press Release and to read the letter on-line.

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    SEC Targets Timing of Insiders’ Trade Notices

    The Securities and Exchange Commission is stepping up its scrutiny of corporate executives who sell shares in their own companies, announcing a raft of cases Wednesday against insiders for allegedly breaking rules on disclosing stockholdings and trades. The action, on an unprecedented scale for such offenses, is part of the “broken windows” strategy SEC Chairman Mary Jo White announced almost a year ago. She said the strategy—named for policing tactics used in New York that sought to reduce serious crime by not tolerating minor violations—will mean “even the smallest infractions” are pursued. More in the Wall Street Journal here.

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