Stanford Victims Make History, Survive Motion to Dismiss in Case Against SEC

Victims of the Madoff Ponzi scheme have been repeatedly unsuccessful in efforts to sue the SEC for the agency’s negligence in handling and investigating the Madoff Ponzi scheme. Last week, however, a federal court in Florida ruled that a case brought by victims of the Stanford Ponzi scheme alleging negligence against the SEC could go forward — a rare and perhaps unprecedented victory in this type of case against the government.

via Stanford Victims Make History, Survive Motion to Dismiss in Case Against SEC – Compliance Week