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Tag Archives: SIPC

Hosemann: Stanford Denial is weak

At last week’s hearing, both officials and victims who testified repeatedly implored the state to fight for Securities Investor Protection Corporation (SIPC) funds for victims in the worst circumstances. SIPC, created by Congress in 1970, guarantees up to $500,000 per investor in case of an SIPC member firm’s failure. Investors are angry that victims of the recent Bernard Maddoff ponzi ...

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