I've heard that SEC is going to shut down Madoff financial and all of their hedge funds for SEC violations. Can anyone confirm this?
I heard from a trader on wall st. about a SEC investigation on Madoff for various SEC violations. I'm trying to find out if anyone has heard the same. I have some friends who have big money with Madoff so I thought I try to get some info. No, I don't post here since I only look at the forum. And whoever suggested that I'm starting a "rumor by forum" can kiss my ass. Get a life.