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Join the Securities Litigation and Enforcement Group on LinkedInCongressional Delegations Urge SEC to Appeal SIPC Case to U.S. Supreme Court | Compliance Week
Numerous members of Congress are now urging the SEC to appeal a July 18, 2014 decision by the U.S. Court of Appeals for the District of Columbia Circuit in the SEC’s lawsuit against SIPC. The case concerns whether approximately 7,000 investors harmed in the Stanford Financial Ponzi scheme can recover rom SIPC. via Congressional Delegations […]
U.S. SEC battles with industry fund over Stanford victims’ claims — Reuters
In oral arguments on Wednesday, a lawyer for the U.S. Securities and Exchange Commission urged the U.S. Court of Appeals for the District of Columbia to force the fund to start court proceedings so that victims can file claims to recover at least a portion of the millions of dollars they lost. The Securities Investor […]
Madoff Trustee Distributes Additional $2.4 Billion to Victims
Distribution will fully satisfy claims by 1,074 account holders.
SEC appeals in bid to help Stanford victims file claims
SEC: “We believe investors who bought Stanford CDs through the Stanford broker-dealer are protected under the law.”
Judge to have say in SIPC’s role in Stanford claims
Court asserts authority to decide SEC’s power over SIPC in Stanford claims process.
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.