Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, March 30, 2011

FINRA Arb Panel Orders Broker to Pay $1 Million to Madoff Investors

The Wall St. Journal reports that a FINRA arbitration panel ordered Robert M. Jaffe, a part-owner of Cohmad Securities Corp., to pay $1.1 million plus interest to a group of investors formed to invest in Bernie Madoff's ponzi scheme.  Jaffe and Cohmad previously settled SEC charges that they received millions of dollars from Madoff for steering investors to him.  WSJ, Broker Tied to Madoff Ordered to Pay $1.1 Million

http://lawprofessors.typepad.com/securities/2011/03/finra-arb-panel-orders-broker-to-pay-1-million-to-madoff-investors.html

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