SIPC Fights SEC’s Stanford Suit

The SEC has demanded that SIPC, the federally-mandated nonprofit that protects investors harmed by failed broker-dealers, start a claims process that could grant up to $500,000 to each of 700,000 brokerage customers that invested in the Stanford Ponzi scheme.  Bloomberg Law’s June Grasso sought perspective and remarks from Tom Ajamie as the SEC and SIPC face off in court with $1.5 Billion at stake.