SIPC to Reinstitute Assessments of Member Firms’ Operating Revenues
WASHINGTON, D.C. – March 2, 2009 – The Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, announced today that SIPC members assessments will be based, as of April 1, 2009, on one-quarter of 1 percent of the net operating revenues of member firms… (more)
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SIPC, Egypt Investor Protection Fund to Cooperate
WASHINGTON, D.C. – February 27, 2009 – The Securities Investor Protection Corporation (SIPC), which is chartered by the U.S. Congress to maintain a special reserve fund to protect the customers of insolvent brokerage firms, and its Egyptian counterpart, the Egypt Investor Protection Fund (EIPF), today signed a memorandum of understanding (MOU) in order to work together more closely in the event of the insolvency of a brokerage firm doing business in both the United States and Egypt… (more)
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Madoff Liquidation Trustee Mails More Than 8,000 Customer Claim Forms
WASHINGTON, D.C. – January 5, 2009 – Stephen Harbeck, president of the Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, and Irving H. Picard, the court-appointed trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS) of New York, NY, issued the following joint statement today: “Pursuant to the order of the United States Bankruptcy Court for the Southern District of New York, Trustee Irving H. Picard mailed on Friday (January 2, 2009) the following: over 8,000 customer claim forms, with detailed instructions for the completion and filing of the forms with the trustee; claim forms and related information to general creditors of BLMIS; and claims filing information to brokers and dealers.… (more)
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