Feb 22- People who lost money by investing in funds that funneled their money to Bernard Madoff's Ponzi scheme are not entitled to recover for their losses, in the manner that direct victims of the massive fraud can recover, a federal appeals court ruled on Friday.
VIENNA, Feb 8- An Austrian court has ruled against Bank Austria in a case brought by an investor over a fund linked to Bernard Madoff, the U.S. financier convicted of fraud.
*K1 founder Helmut Kiener, accomplice, charged. Feb 7- A German hedge fund founder convicted in his home country of running a Ponzi scheme faces U.S. charges along with an accomplice over frauds that cost investors more than $300 million, the U.S. Department of Justice said on Thursday.
*Change will require backing from SEC, says FINRA chief. Financial Industry Regulatory Authority Chairman and CEO Richard Ketchum said there was no sign it can convince lawmakers in Washington to support a change in the way the advisers are regulated anytime soon.
CEDAR RAPIDS, Iowa, Jan 31- A U.S. judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost.
CHICAGO, Jan 30- Russell Wasendorf Sr., who admitted looting more than $100 million from futures broker Peregrine Financial Group, expects to die behind bars even if a judge ignores prosecutors and imposes a lenient sentence at a hearing on Thursday.
*9th Circuit says SEC had not waived immunity. *Investors said SEC gave Madoff "implied stamp of approval". The 9th U.S. Circuit Court of Appeals in Pasadena, California said a federal district judge correctly dismissed their lawsuit seeking to hold the SEC responsible under the Federal Tort Claims Act.
The SEC has offered the job of inspector general to Capitol Police Inspector General Carl W. Hoecker, two people familiar with the matter told Reuters. Both Hoecker and an SEC spokesman declined to comment.
NEW YORK, Jan 25- A federal appeals court signaled that victims of Bernard Madoff's fraud more than four years ago might be allowed to eventually sue the swindler's family members over their losses, if they're willing to wait longer.
The biannual report by NERA Economic Consulting found that the overall number of Securities and Exchange Commission settlements increased by 6.6 percent in fiscal 2012 over fiscal 2011..
Khuzami follows SEC chairman Mary Schapiro and several other high-profile SEC officials who have stepped down since President Barack Obama's re-election in November. The SEC did not name a replacement for Khuzami, who is expected to leave at the end of the month.
WASHINGTON, Jan 9- Robert Khuzami, the enforcement director at the U.S. Securities and Exchange Commission who worked to rebuild the SEC's tarnished image after the Madoff scandal and the financial crisis, is departing the agency, the SEC announced on Wednesday.
*Peter Madoff tells judge he is "deeply ashamed". NEW YORK, Dec 20- The younger brother of Bernard Madoff will serve 10 years in prison for his role in his brother's Ponzi scheme that stole billions of dollars from investors, a U.S. judge said on Thursday.