Mass. Regulator Won't Settle Madoff Feeder Suit

Summary


BOSTON (Reuters) - Massachusetts' top securities regulator is trying to locate all investors who lost money in Bernard Madoff's Ponzi scheme and said he has no plans to settle a lawsuit against one of the swindler's feeder funds.

Secretary of State William Galvin, one of the first state regulators to probe Wall Street's biggest-ever investment fraud, is sending notices to newspapers and investment advisers to try to locate Massachusetts residents who invested with Mr. Madoff.

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Mass. Regulator Won't Settle Madoff Feeder Suit

This would include people who invested indirectly with Mr....

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