Blumenthal Statement on DOJ, SEC Northeast Region Investor Fraud Conference

(Hartford, CT) – Today, Senator Richard Blumenthal (D-Conn.) issued a statement on the Northeast Region Investor Fraud Conference. The conference is today from 9 a.m. to 1 p.m. at the University of Connecticut – Stamford Campus and is open to members of the community, law enforcement, victim advocates, and others interested in detecting and combating an unprecedented rise in Ponzi and other investment fraud schemes that involve thousands of victims and billions of dollars of losses. The U.S. Department of Justice and the Securities and Exchange Commission are hosting the conference.

Blumenthal said, “Connecticut's investors all too often have been the victims of financial fraud and wrongdoing – highlighting the need for heightened awareness, which the Department of Justice conference in Stamford will help promote.  Along with  education, stronger enforcement of existing protections is key to preventing fraud – saving investors from losses that may never be recovered.  I look forward to this conference producing proposals for new laws or enhanced enforcement, as well as raising awareness among the investing public.”