BERNARD L MADOFF INVESTMENT SECURITIES

In the Bernard L. Madoff Investment Securities LLC (BLMIS) liquidation, the Securities Investor Protection Corporation (SIPC) has made cash advances - up to a maximum of $500,000 per allowed claim - available to the court-appointed Securities Investor Protection Act (SIPA) Trustee to distribute to eligible customers, as a way to expedite financial relief to these customers. As of May 23, 2024, SIPC has committed approximately $850.4 million to the BLMIS liquidation for this purpose. SIPC-committed advances will continue to increase as claims that are currently in litigation are allowed as a result of settlements or the conclusion of litigation.

Also known as: Bernard L. Madoff Investment Securities LLC, BLMIS, BLMIS Customer Fund, BLMIS Customers

Primary location: New York United States