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Bernie's Slightly More Legitimate Legacy Lives On In The Lipstick Building

The part of the House of Ponz that wasn't lying to people and stealing their money has a new keeper. Surge Trading is the new owner of Bernie's market making business and their CEO is ready to lead the former Madoff-ites into the future- albeit from the same address.

"I am proud to be working with this team of seasoned, dedicated and client-focused specialists. We are looking forward to quickly beginning the business of trading on behalf of our clients, growing our service offerings, and becoming an industry-leading business."

Madoff's Market-Making Business Is Revived by Surge Trading [Bloomberg]