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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 […]
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 […]
Distribution will fully satisfy claims by 1,074 account holders.
SEC: “We believe investors who bought Stanford CDs through the Stanford broker-dealer are protected under the law.”
Court asserts authority to decide SEC’s power over SIPC in Stanford claims process.
SIPC says it has “fundamental disagreement” with SEC on Stanford coverage.
Senator calls on SEC to take legal action to compel SIPC to take action.
Appeals court upholds defeat to Madoff “net winners.”
Judge rules feeder fund investors not eligible for certain payments of up to $500,000 from SIPC.
SEC says certain individuals who invested money through Stanford Group are entitled to protections of SIPC.