Bill Singer Comments on Bernard Madoff Fraud Charges

Posted on December 13, 2008 by Stark & Stark
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Securities shareholder Bill Singer's Broke and Broker blog was recently cited in an article by The Associated Press regarding the unfolding securities fraud scandal involving Bernard L. Madoff.  Madoff is accused of securities fraud for allegedly running a phony investment business that lost at least $50 billion. 

Mr. Singer's comments discussed how the securities industry's self policing agency, the Financial Industry Regulatory Authority (FINRA), was unable to prevent a scam of this magnitude from taking place.

UPDATED: 12.15.08: Watch Bill Singer's interview about the Madoff scandal with CBC's Jacquie Perrin here (runs 4:41).

UPDATED: 12.16.08: Listen to Bill Singer's interview with Marketplace's Jeremy Hobson here. (runs 3:20).

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