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Support SIPC in its SEC Case on Stanford

Public Comments (81)
  • Feb 17th, 2012
    Someone from San Antonio, TX writes:
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    SIPC should not cover the market losses of Stanford customers.
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  • Feb 17th, 2012
    Someone from Suitland, MD signed.
  • Feb 17th, 2012
    Someone from Sauquoit, NY signed.
  • Feb 16th, 2012
    Someone from Chicago, IL signed.
  • Feb 16th, 2012
    Someone from San Diego, CA signed.
  • Feb 16th, 2012
    Someone from San Diego, CA writes:
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    SUPPORT THE NAIBD!
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  • Feb 16th, 2012
    Someone from Miami Beach, FL signed.
  • Feb 16th, 2012
    Someone from New York, NY writes:
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    Support the SIPC and discourage greedy irresponsible investors. This had nothing to do with SIP members.
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  • Feb 16th, 2012
    Someone from San Francisco, CA writes:
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    Why do regulators give comfort to an investor for being naïve or greedy, particularly when they pursue above market rate yields in an Antiguan CD. Most regulators, like Ms. Shapiro, need to have real world experience and values and stop being used by plaintiff lawyers who create most of the ?victims?. This smells like a brass ring for political points for Mary. Stanford is guilty, but not the industry.
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  • Feb 16th, 2012
    Someone from San Francisco, CA signed.
  • Feb 16th, 2012
    Someone from Portland, OR writes:
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    Well Mary, you let Bernie operate under your nose and Al did a good job as well. You need to resign.
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  • Feb 16th, 2012
    Someone from San Diego, CA writes:
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    Totally absurd.
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  • Feb 16th, 2012
    Someone from New Orleans, LA writes:
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    The Stanford investors were chasing above-market yield. Our industry should not be held accountable to reimburse them for their greed. SIPC was NEVER intended to cover investor fraud. Go SIPC!!!! Thanks for taking a bold stance against political pressure from Sen. David Vitter and his political contributors who lost money.
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  • Feb 16th, 2012
    Someone from Selden, NY writes:
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    If the SEC is concerned where were they on repeal of the Glass/Stegil Act and the exemption of derivatives?
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  • Feb 16th, 2012
    Someone from Canton, TX writes:
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    An absurd proposal of unneeded burden on honest people
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  • Feb 16th, 2012
    Someone from Minneapolis, MN signed.
  • Feb 16th, 2012
    Someone from Englewood, CO signed.
  • Feb 16th, 2012
    Someone from Lombard, IL signed.
  • Feb 16th, 2012
    Someone from New York, NY signed.
  • Feb 16th, 2012
    Someone from Glenview, IL signed.
  • Feb 16th, 2012
    Someone from New York, NY writes:
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    As I understand it, all of the customer accounts of the Stanford brokerage firm were custodied on a fully disclosed basis at Pershing. To my knowledge, Pershing has not lost or failed to deliver any of those assets, so what are the "losses" that SIPC should cover? SIPC does not cover losses on assets that decline in value. The Stanford Antiguan bank certificates of deposit that customers purchased simply declined in value. Why does the SEC think this is a SIPC issue? The answer probably is because some member of Congress has a wealthy constituent who is exerting pressure to recover on a foolish investment.
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  • Feb 16th, 2012
    Someone from Rotonda West, FL writes:
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    How far can the SEC stretch the non-existant coverage?
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  • Feb 16th, 2012
    Someone from Hauppauge, NY signed.
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    Someone from Mission, KS signed.
  • Feb 16th, 2012
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  • Feb 16th, 2012
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  • Feb 16th, 2012
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    Someone from Austin, TX signed.
  • Feb 16th, 2012
    Someone from Philadelphia, PA signed.
  • Feb 16th, 2012
    Someone from Tulsa, OK writes:
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    I couldn't agree more with SIPC and NAIBD. This is not why we paid SIPC assessments all these years.
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  • Feb 16th, 2012
    Someone from Evergreen, CO signed.
  • Feb 16th, 2012
    Someone from Boston, MA signed.
  • Feb 16th, 2012
    Someone from Saint Louis, MO writes:
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    Why is a banking fraud a problem for SIPC to solve? I am still not sure why SIPC was utilized to make customers who never had brokerage accounts whole in the Madoff fraud, but this would set a new precedent and is totally improper. I stongly suggest that you approach your mentor and guardian, President Barry Obama, and request that he spend a little more than the trillion in excess of revenues to make customers whole who would not have had problems if your agency had done it's job properly in the first place. Either that or maybe it would be more appropriate for you to contribute the retirement money that you fraudulently obtained from NASD upon leaving after you and Mr. Ketchum and others lied to and deceived the brokerage community into the regulatory merger with NYSE? After all, one good fraud deserves another. Once again you are confirming your contempt for the industry that you are charged with regulating!! NO SURPRISE TO ME!!!!
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  • Feb 16th, 2012
    Someone from Chula Vista, CA signed.
  • Feb 16th, 2012
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  • Feb 16th, 2012
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  • Feb 16th, 2012
    Someone from Pittsford, NY signed.