Tag Archives: Bill Cassidy

Louisiana officials want release of SEC report in Stanford case

By BILL LODGE A Louisiana senator told officials of the Securities and Exchange Commission Friday that he wants immediate release of a year-old report by the commission’s inspector general on efforts to recover money for victims of a multibillion-dollar fraud. U.S. Sen. David Vitter, R-La., described as incompetent efforts by a court-appointed receiver to find […]

Cassidy, Deutch Introduce Improving SIPC Act of 2013

By Dr. Bill Cassidy WASHINGTON, D.C. – This week, Congressman Bill Cassidy, M.D. (R-LA) and Congressman Ted Deutch (D-FL) re-introduced the Improving Security for Investors and Providing Closure Act, or Improving SIPC Act of 2013. The legislation would provide victims of Ponzi schemes a quicker path to financial restitution, including those harmed by R. Allen […]

Bill Cassidy request that SEC file an appeal

By Bill Cassidy Dear Chairwoman Schapiro, I write to respectfully request that the Securities & Exchange Commission (SEC) file an appeal with the U.S. Court of Appeals, District of Columbia Circuit, seeking to overturn the July 3, 2012 ruling by U.S. District Court Judge Robert L. Wilkins in the matter of SEC v. Securities Investors […]

Vitter Testifies at House Hearing, Continues to call for SIPC to Compensate Stanford Victims

For Immediate Release (Washington, D.C.) – U.S. Sen. David Vitter today was invited to testify at the U.S. House Committee on Financial Services, Subcommittee on Capital Markets about some of the ongoing problems at the Securities Investor Protection Corporation (SIPC). Vitter testified about SIPC’s refusal thus far to compensate the victims of the Allen Stanford […]

Cassidy and Deutch Introduce Improving SIPC Act of 2012

Today, Congressman Bill Cassidy, M.D. (R-LA) and Congressman Ted Deutch (D-FL) introduced the Improving Security for Investors and Providing Closure Act, or Improving SIPC Act of 2012. The legislation seeks to provide victims of Ponzi Schemes, including ones similar to the scheme carried out by R. Allen Stanford, with a quicker path to a financial […]

Cassidy Leads Effort to Send Letter to SIPC Chairman Regarding Stanford Ponzi Scheme

PRESS RELEASED By centralSpeaks WASHINGTON, D.C. – Today, Congressman Bill Cassidy, M.D., along with 26 Members of Congress, signed a bi-partisan letter to Chairman Orlan M. Johnson of the Securities Investor Protection Corporation. The letter urges Chairman Johnson to act more quickly to compensate the victims of the Stanford Ponzi scheme. It has been more than […]