Securities and Exchange Commission v Securities Investor Protection Corporation

SIFMA submitted an Amicus “Friend of the Court” Brief

Court:

U.S. Court of Appeals

(D.C. Circuit)

Amicus Issue:

Whether SIPC should provide expansive and unprecedented financial guarantees for investors who purchased CDs issued by an offshore bank in Antigua, or whether SIPC’s Congressionally mandated responsibilities are appropriately limited to reimbursing customers of failed brokerages for any securities or cash that are missing from their brokerage accounts.   

Counsel of Record:

Cleary

Gottlieb Steen & Hamilton

Thomas

J. Moloney

David

Aman

David

Y. Livshiz

Darryl

G. Stein

Sarah

E. Edwards

Other Amici:

None