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Judge to have say in SIPC’s role in Stanford claims–Reuters
A federal judge said he has the authority to decide whether the U.S. Securities & Exchange Commission can compel a brokerage industry protection fund to let thousands of victims of Allen Stanford’s alleged Ponzi scheme file claims for compensation. The SEC’s effort to force the Securities Investor Protection Corp to initiate a claims procedure for Stanford’s [...]
SIPC Rebuffs Stanford Investors Demands to Cover Losses – US Business News
SIPC says it has “fundamental disagreement” with SEC on Stanford coverage.
SEC is urged to sue over Stanford victims’ claims
Senator calls on SEC to take legal action to compel SIPC to take action.
Madoff trustee’s loss calculation method upheld
Appeals court upholds defeat to Madoff “net winners.”
Judge Agrees With Trustee, Feeder Fund Investors Not Madoff Customers
Judge rules feeder fund investors not eligible for certain payments of up to $500,000 from SIPC.
SEC Directs SIPC to Liquidate Stanford Group Co., Review Customer Claims
SEC says certain individuals who invested money through Stanford Group are entitled to protections of SIPC.
SEC to Release Findings on Stanford Investors’ SIPC Eligibility
SEC completes review on whether SIPC erred in denying coverage to Stanford investors.
Madoff and Stanford Victims Team Up to Lobby Congress
Victims lobby to made whole, but critics label effort a hidden tax increase.
Madoff Victims Challenge Trustee’s Payout Formula
Madoff victims challenge trustee’s proposed distribution of funds.