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SIPC Update; C-SPAN

In Documents, Helpful Information on January 3, 2009 at 2:49 am

Here is some updated information:

Monday at 2pm (ET)  on C-SPAN House Financial Services Hearing on Madoff Investment Scam Investigation

NY Times Article; SIPC update
http://www.nytimes.com/2009/01/03/business/03madoff.html?_r=1&ref=business

Mr. Picard was named bankruptcy trustee at the request of the Securities Investor Protection Corporation, the federal agency that oversees the liquidation of failed brokerage firms. On Friday, he sent SIPC claims applications to every customer who had an open account at Madoff within 12 months of the bankruptcy filing, regardless of when the customer last made a deposit or withdrawal.

Even an investor who closed a Madoff account during the last year should be on the mailing list, he said.

People who believe they had a Madoff account but who do not get a claims package can print out the documents from the trustee’s Web site, madofftrustee.com, or from the SIPC site, sipc.gov.

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