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Madoff Victims Can't Sue SEC, 3rd Circ. Says

By Ama Sarfo (July 1, 2013, 5:09 PM EDT) -- The Third Circuit ruled Monday that several victims of Bernie Madoff's Ponzi scheme don't have the authority to sue the U.S. Securities and Exchange Commission for their losses because they failed to show that SEC employees violated mandatory policies or guidelines when investigating him. ...

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