First-Ever Online Forum Set to Solicit U.S. Public's Views About Modernization of the Securities Investor Protection Corporation
The Securities Investor Protection Corporation (SIPC) will hold its first-ever online forum at SIPCModernization.org at 8 p.m. EDT/5 p.m. PDT on September 14, 2010. The "listening post" session is the first of two major national public forums focused on soliciting input about the modernization of SIPC. The effort is part of the SIPC Modernization initiative launched on June 17, 2010. Please check back at SIPCModernization.org on September 7, 2010 for more details about the SIPCModernization.org online forum! ... (more)
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Update: Warning Re-Issued on Bogus "SIPC Checks" Targeting U.S. Consumers and Job Seekers
WASHINGTON, D.C. - August 23, 2010 - The Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund mandated by Congress to protect the customers of insolvent brokerage firms, again warned today that consumers and job seekers should not accept SIPC checks that are presented online or in person by con artists seeking to buy personal goods or engage individuals for work ... (more)
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The Dodd-Frank Bill Amends Sections of the Securities Investor Protection Act
WASHINGTON, D.C. - July 29, 2010 - The Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, 124 Stat. 1376 (2010) (the "Dodd-Frank Act"), signed into law on July 21, 2010, amends portions of the Securities Investor Protection Act, 15 U.S.C. §78aaa et seq. ("SIPA"). The Securities Investor Protection Corporation ("SIPC") highlights some of the amendments below. These amendments apply to SIPA liquidations filed on or after July 22, 2010, the effective date of the Dodd-Frank Act, and do not apply to liquidations that currently are pending ... (more)
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