Stark & Stark Shareholder Comments on Madoff Sentencing

Posted on June 30, 2009 by Stark & Stark
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Bill Singer, Shareholder in Stark & Stark’s Securities group, was interviewed yesterday on CBC News. Mr. Singer commented on the 150-year sentence delivered to Bernard Madoff in response to the tens of billions of dollars he stole from hundreds of investors in his Ponzi scheme.

 

Mr. Singer states that while he is happy that Madoff received the maximum sentence possible, it will do little to change the ways of criminal Wall Street investors. Mr. Singer warns that regulation of our securities markets has to be preemptive and focused on prevention instead of punishment in order to prevent another similar situation from occurring again in the next five to ten years.

 

You can watch the full interview online here.
 

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