First Investor Relief from Madoff

Massachusetts regulators ordered the first investor relief on Tuesday September 8, 2009. The complaint was filed by William F. Galvin, Massachusetts Secretary of State, on behalf of nearly a dozen investors in one of Madoff’s feeder funds. The Boston Globe is reporting that Fairfield Greenwich Advisors have settled with the investors for the original sum they placed, plus 6% annual interest. Fairfield will also have to pay the state oa $500,000 fine.

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About Marissa

Marissa is a Partner and Vice President at HedgeOp Compliance, LLC. Before joining HegeOp in January 2005 as a Due Diligence Research Assistant, Marissa worked at Wave Hill as an Accounting Associate. She was responsible for handling accounts payable, processing financial statements and reconciling revenue and expense accounts. Marissa also worked as an intern at HedgeOp in the Summer of 2003. Marissa graduated with a B.S. in Business Administration with a concentration in Finance and Marketing from Fordham University in May of 2004. Marissa received the In Cursu Negotia Agendi Inter Gentes Award for International Business.

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