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You probably have a required arbitration agreement with the broker. For a case with this much money at stake, that's probably a good thing because it would reduce your cost of litagation. You could subpoena the firm that the broker supposedly hires to check out the investments, and if no such firm exists, then that could be used to claim misrepresentation or breach of fiduciary.
You could also file a complaint with www.sipc.gov, and maybe recover your entire principal amount. That's what all of the Madoff investors are doing -- for you, the recovery would be sufficient to replace your entire investment.
For a lawyer referral, see: http://www.abanet.org/legalservices/lris/directory/ and www.martindale.com.
Hope this helps.
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