9th Circuit says Madoff investors can’t sue SEC

Lower court lacked jurisdiction to review claims

More news on the Madoff front that is sure to make some folks very unhappy.

The 9th Circuit ruled yesterday that Madoff’s investors can’t sue the Securities and Exchange Commission (SEC). The investors first brought the case against the agency in 2010, after the inspector general  found that the SEC missed several opportunities to uncover the fraud.


Cathleen Flahardy

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