Bemard Madoff Investment Securities (BMIS) Form 13F filings were suspicious because they revealed that the portfolio was in:
A. Mostly cash at the end of each quarter.
B. Mostly S&P 100 stocks at the end of each quarter.
C. More than 95% NASDAQ stocks at the end of each quarter.
D. A 50-50 mix ofcash and S&P 100 stocks at the end ofeach quarter
Answer:A
Form 13F tillings rcvealed that the portfolio with primarily in cash, with some smaIl positions in smallcr stocks. This is ìnconsistent with the split-strike conversion strategy. Madoff said he converted to cash at the end of the quarter because he did not want to make public his investment strategy. This should have been a red flag to regulators and investors.