Independent BDs Back SIPC Over Stanford Suit
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.
Independent BDs Tell SIPC to Drop Excessive Fees Levied Post Madoff
The National Association of Independent Broker/Dealers is warning the SIPC that if it fails to decrease the annual fees it boosted significantly on small and medium-sized BDs after the Bernie Madoff Ponzi scheme, NAIBD will take the issue to Congress.
A New SRO's in Town
The move to consolidate two broker/dealer self-regulatory organizations--NASD and the NYSE--and their corresponding and sometimes conflicting sets of rules into one unified SRO has picked...