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mastaflash

07/02/09 9:42 AM

#118933 RE: kruy #118930

"DTC is regulated/overseen by three authorities: the Federal Reserve Board (Board), the SEC, and the New York State Banking Department (NYSBD). " -- Boilerplate....reality is quite different. Talk the SEC employees and the tell a different story. They allowed Madoff to operate as an investment adviser for 18 years without demanding he register....you fill in the blanks...