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Posts Tagged ‘Patrick Littaye’

SEC and FINRA Sued in Luxemburg re: Madoff Fraud

Posted by Larry Doyle on April 19th, 2010 5:04 PM |

In the midst of all the noise surrounding the Goldman Sachs charges of fraud brought by the SEC, another interesting suit was brought. This suit puts the financial regulators, the SEC and FINRA, on the defense. Bloomberg reports, SEC, FINRA Sued in Luxembourg Over Madoff Fund Losses:

The U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority were accused of being liable for losses in a Luxembourg fund tied to New York money manager Bernard Madoff. (more…)






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