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Article: Bernie, the SEC, the SIPC and Me: One Customer's Story.(S.I.N.vestigation;The Madoff Operation: Inside House 17)
- Article from:
- Securities Industry News
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: John Dodge
Ronnie Sue Ambrosino never imagined she'd be just as infuriated with the Securities and Exchange Commission (SEC) and Securities Investment Protection Corp. (SiPC) as she is with the man who stole her retirement savings, Bernie Madoff.
"I believe that the SEC is totally at fault. It was as if [Madoff] was given the red carpet to rob you and the government gave [Madoff] the gun. If I did my job the way the SEC did theirs, I would not have a job," said Ambrosino, who is the coordinator for Bernard Madoff Victims Coalition, an online group of 400 Madoff investors trying to educate themselves about the system and to present united front on ...