{"database": "press", "table": "releases", "rows": [["https://web.archive.org/web/20140912001349/http://www.vitter.senate.gov/newsroom/press/vitter-disappointed-in-sec-decision-will-continue-fighting-to-help-stanford-ponzi-victims", "Vitter Disappointed in SEC Decision, Will Continue Fighting to Help Stanford Ponzi Victims", "2014-09-08", "2014", "2014-09", "Republican", "House", "LA", "David Vitter", "V000127", "web.archive.org", null, null, "legacy", "Vitter Disappointed in SEC Decision, Will Continue Fighting to Help Stanford Ponzi Victims\n\t\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\tMonday, September 8, 2014\n\t\t\t\n\t\t\t\n\t\n\t\t\t\n\t\t\t(Baton Rouge, La.) \u2013 U.S. Sen. David Vitter (R-La.) spoke out against the U.S. Securities and Exchange Commission (SEC) for not appealing a court decision which ruled that thousands of victims of the Stanford Ponzi scheme were ineligible to file claims to recoup their losses.\n\u201cIt's disappointing the SEC would just give up, but I\u2019m going to make sure that they stay committed to helping the Stanford Ponzi scheme victims get compensated.\u201d\nIn May, Vitter met with Stanford Ponzi scheme victims in Baton Rouge to discuss his efforts to push Sharon Bowen, the acting chairman of the Securities Investor Protection Corporation (SIPC), to revisit their decision not to compensate victims.\nVitter has urged President Obama to nominate new members to SIPC, which has a record of protecting investors. SIPC is the organization that has blocked compensation for the Stanford Ponzi scheme victims.\nIn November 2013, Vitter introduced the bipartisan \u201cRestoring Main Street Investor Protection and Confidence Act of 2013\u201d which would reform how the SEC and SIPC go about compensation recommendations for investment fraud victims. The legislation would give more authority and flexibility to the regulators who are tasked with protecting victims of investment fraud and more authority to retrieve appropriate compensation.\nVitter has tirelessly pushed SIPC to revisit its decision not to compensate victims of the Stanford Ponzi Scheme. Vitter provided evidence to SIPC that they never considered, and because there was a clear directive to compensate the victims, SIPC still needs to revisit the case. Vitter led the opposition and nearly defeated the former SIPC chair, Sharon Bowen\u2019s, nomination to chair the Commodity Futures Trading Commission (CFTC). Click here to read more.", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://web.archive.org/web/20140912001349/http://www.vitter.senate.gov/newsroom/press/vitter-disappointed-in-sec-decision-will-continue-fighting-to-help-stanford-ponzi-victims"], "units": {}, "query_ms": 0.9098430164158344, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}