SEC Sued by Investor for Failing to Stop Mr. Madoff's Scheme

Posted on October 15, 2009 by Kirk Hartley
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Here is a link to an American Lawyer article detailing a defrauded investor's suit against the SEC for failing to uncover and stop Mr. Madoff's fraud. According to the article, plaintiff's counsel is a former SEC lawyer who acknowledges sovereign immunity rules but has tried to plead around them. The claims are asserted under the Federal Tort Claims Act.

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