In re Daley
Published on:
January 10, 2013
SIFMA submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. Court of Appeals
(Sixth Circuit)
Amicus Issues:
Whether certain, generally standard, cross-collateralization lien language in a securities industry customer contract may cause a customer individual retirement account (IRA) to lose its tax exempt status and protection from third party creditors, contrary to national public policy favoring IRA agreements.
Counsel of Record:
Steptoe & Johnson LLP
Melanie Franco Nussdorf
Eric G. Serron
Other Amici:
None.