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SEC calls for SIPC coverage for Stanford investors
After more than two years of considering the issue, the Securities and Exchange Commission has decided that brokerage insurance should cover many of Stanford Financial’s investors. The decision is huge...
View ArticleCiti’s $285 million slap on the wrist
As we have seen so many times before, Wall Street is once again working through the cycle in which it exploits its customers, gets caught, pays a fine and moves on. On Wednesday, Citigroup agreed to...
View ArticleIs SIPC afraid of lawsuits in the Stanford case? (Updated)
(Updates with comments from Vitter’s office.) For years, almost 8,000 investors who lost money in the collapse of Stanford Financial’s U.S. brokerage have been waiting for a decision on whether their...
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