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To: Bucky Katt who wrote (41102)10/14/2009 9:54:44 AM
From: Rangle  Read Replies (2) | Respond to of 48465
 
Interesting I sold some Oct 19 puts on INTC
for .50 last week....no need to buy them back...heh heh

gl



To: Bucky Katt who wrote (41102)10/14/2009 12:48:04 PM
From: Skywatcher  Respond to of 48465
 
GTE starting to smoke



To: Bucky Katt who wrote (41102)10/14/2009 2:36:52 PM
From: joseffy  Read Replies (2) | Respond to of 48465
 
Madoff Investors Sue SEC for Negligence

By Mary Thompson CNBC.com 14 Oct 2009

cnbc.com

Two former investors are suing the Securities and Exchange Commission for $2.4 billion in damages, claiming the agency acted with negligence while examining Ponzi schemer Bernard Madoff's investment business.

The 63-page complaint, filed by Phyllis Molchatsky and Dr. Steven Schneider, claims the agency engaged in "serial, gross negligence" over the course of 16 years.

It alleges that because the SEC's negligence occurred during the course of its regular functions, rather than when crafting policy, the agency is not shielded by the doctrine of sovereign immunity.

This is the first suit brought against the SEC in relation to the Madoff case.

Madoff is serving a 150-year prison sentence for orchestrating a $65-billion Ponzi scheme.