Securities Investor Protection Corp.

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  Lehman Agreement Paves Way for 100% Return of Customer Property: SIPC

  By Melanie Waddell, AdvisorOne  |  October 5, 2012

  SIPC announced that about $38 billion in claims relating to the Lehman Brothers liquidation proceeding will be resolved and the way paved for a 100% return of customer property under an agreement reached Friday.

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  Nearly $2.5 Billion Mailed to Madoff Victims

  By Melanie Waddell, AdvisorOne  |  September 20, 2012

  Nearly $2.5 billion in checks were mailed Wednesday to victims in the liquidation of Bernard L. Madoff Investment Securities, according to the Securities Investor Protection Corp.

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  New Hire Roundup: Putnam Adds Three; Wagner Retires From BlackRock, Joins Board

  By Marlene Y. Satter, AdvisorOne  |  June 27, 2012

  This week in new hires, David Scheetz, Edward Deeds and James Axford joined Putnam Investments; and Susan Wagner retired as vice chairwoman of BlackRock and was named to its board.

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  Allen Stanford and Jon Corzine: The 2012 IA 25 Extended Profile

  By Melanie Waddell, AdvisorOne  |  May 15, 2012

  Allen Stanford and Jon Corzine: two names that have come to occupy the same sullied space as Bernie Madoff.

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  SIPC Fights SEC’s Stanford Suit

  By Melanie Waddell, AdvisorOne  |  March 26, 2012

  One day after Allen Stanford was convicted on March 6 of operating a $7 billion Ponzi scheme, the CEO of the Securities Investor Protection Corp. (SIPC) told lawmakers that SIPC is not responsible for reimbursing Stanford investors for their losses.

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  New Hire Roundup: Bowen Is Acting Chair at SIPC; Pologe Goes to Genworth

  By Marlene Y. Satter, AdvisorOne  |  February 29, 2012

  This week in new hires, Genworth welcomed David Pologe and David Ford joined Securities America.

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  Independent BDs Back SIPC Over Stanford Suit

  By Marlene Y. Satter, AdvisorOne  |  February 23, 2012

  Fallout from the Allen Stanford case is still growing. In the latest clash over whether shareholders should be protected from losses á la Bernard Madoff, the National Association of Independent Broker-Dealers has sent a letter to the SEC, that says the SIPC should not have to cover those losses.

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  Stanford Fraud Trial Bigger ‘Black Eye’ for SEC, FINRA Than Madoff

  By Melanie Waddell, AdvisorOne  |  January 23, 2012

  The Allen Stanford trial began on Monday for his alleged $7 billion Ponzi scheme that involved supposedly ‘safe’ certificates of deposit.

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  SEC Sues SIPC to Recover Funds in Stanford Scheme

  By Melanie Waddell, AdvisorOne  |  December 13, 2011

  The SEC on Monday asked a federal court to order the SIPC to initiate a liquidation proceeding for investors who were victims of the Ponzi scheme carried out by Allen Stanford.

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  Rep. Garrett to SEC: Wait on 'Net Equity' in Madoff Liquidation

  By Melanie Waddell, AdvisorOne  |  October 3, 2011

  Rep. Scott Garrett, R-N.J., told SEC Chairman Mary Schapiro in a letter on Monday to wait on final action in reconsidering the SEC’s position on 'net equity' in the Bernie Madoff case until after the GAO publishes its report evaluating the actions of the SIPC and its trustee.