WASHINGTON, D.C. - A federal judge did not err in denying a former Stanford Group Co. (SGC) client's motion to intervene in a Securities and Exchange Commission action seeking to compel the Securities Investor Protection Corp. (SIPC) to file an application for a protective decree compelling the SIPC to commence liquidation proceedings on behalf of victims of R. Allen Stanford's massive Ponzi scheme, a District of Columbia Circuit U.S. Court of Appeals panel ruled March 12 (Securities and...(read more)Image may be NSFW.
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