Was Madoff’s hedge fund paying for the Investor Insurance?
If not..why would his investors qualify?
“Was Madoff’s hedge fund paying for the Investor Insurance?
If not..why would his investors qualify?”
GOOD question. Is this like FDIC insurance for banks..in other words....tax $$$$??? Something that was set up to protect big investors?
“said the firm’s customers can recover up to the $500,000 they’re entitled to under the Securities Investor Protection Act. “