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Take a look at the latest news stories impacting investors today. For press inquiries, please email us at media@protectyourinvestments.org

Bloomberg: Madoff Trustee Wins Ruling on Figuring Losses

By Bob Van Voris and Linda Sandler 

Ron Stein, President of the Network for Investor Action and Protection (NIAP), Statement on the Second Circuit Court of Appeals Ruling on Net Equity:

“NIAP strongly disagrees with the appeals court’s ruling, which is another blow to small investors who merely relied on the information their broker gave them.  The court’s regrettable decision underscores the need for Congress to reinforce securities laws that were intended to protect the small investors harmed by this decision and the actions of the SIPC Trustee.

Bloomberg: Madoff Trustee’s Actions to Be Probed by GAO, Representative Garrett Says

By Bob Van Voris and Linda Sandler - Jul 27, 2011 7:03 PM ET

Madoff trustee, SEC should be probed -US reps

June 3, 2011 5:21pm EDT By Jonathan Stempel of Reuters

* House reps seek GAO probe into trustee's methods, fees
* SEC, SIPC role in Madoff firm liquidation also at issue
* Reps says taking long time for Madoff victims to recover

U.S. Lawmakers Demand Probe Of Handling Of Madoff Claims

June 3, 2011 By Jessica Holzer, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- A group of U.S. lawmakers critical of the way money is being recovered from Bernard L.

Madoff's giant Ponzi scheme asked a federal watchdog Friday to investigate the industry association overseeing the settlement of victims' claims.

Investors victimized by Bernie Madoff scheme slam trustee Irving Picard for redefining net equity

June 02, 2011 BY MICHAEL O'KEEFFE of The Daily News

Fred Wilpon and Saul Katz aren't the only victims of con man Bernie Madoff who believe they are getting the shaft from trustee Irving Picard.

Investors who attended a Securities Investor Protection Corporation forum held at the Grand Hyatt in midtown Wednesday said Picard, the Madoff trustee who filed a $1 billion clawback lawsuit against the Mets owners, has badly mishandled the case.

Wall Street Insurance Fund ‘Choking’ Victims, Investor Says

Jun 1, 2011 4:39 PM ETBy Elizabeth Ody of Bloomberg

Rep. Gary Ackerman's bill could be Fred Wilpon's best hope for retaining control of New York Mets