Support HR 757, "Equitable Treatment of Investors Act" to confirm the validity of broker confirmations and customer statements.
Why is this important?
I am a victim of the Madoff fraud. I have been further victmized by SIPC, the agency created by the Congress in 1970 to insure investors for the securities they owned as stated on brokers' statement, in exchange for brokers no longer having to provide investors with paper certificates of ownership. Congress is now deliberating a new bill, HR 757, to clarify its intent to protect investors with the 1970 law. Investors should urge their congressional representatives to support HR 757 while this issue is being discussed.
