Senate Unanimously Clears Grassley Bill To Save CFTC Whistleblower Program

SENATOR CHUCK GRASSLEY

The Senate today unanimously passed bipartisan legislation authored by Sen. Chuck Grassley (R-Iowa) to preserve a whistleblower program in danger of collapsing under its own success. The CFTC Fund Management Act (S. 409) ensures that the Commodity Futures Trading Commission’s whistleblower program can continue to function even when awards obligated to whistleblowers exceed the program fund’s balance at the time of distribution. The bill, which carries no cost to taxpayers, is also cosponsored by Sens. Maggie Hassan (D-N.H.), Joni Ernst (R-Iowa), Tammy Baldwin (D-Wis.) and Susan Collins (R-Maine). read more »

Lessons from the Bernie Madoff Ponzi scheme: 5 rules small investors should follow

MARKET WATCH

In his new book, “Madoff Talks,” investigative reporter Jim Campbell probes the $65 billion investment fraud perpetuated by the late Bernie Madoff, the largest Ponzi scheme in history. The book features Madoff’s handwritten letters and emails to Campbell, explaining how he pulled off the con, plus interviews with Madoff’s wife Ruth and son Andrew. In this excerpt, Campbell offers five rules to keep investors safe from such schemes. read more »