Is SIPC afraid of lawsuits in the Stanford case? (Updated)

For years, almost 8,000 investors who lost money in the collapse of Stanford Financial’s U.S. brokerage have been waiting for a decision on whether their losses will be covered by the Securities Investor Protection Corp. Back in June, the Securities and Exchange Commission said that they should. SIPC itself has yet to make a decision, and 18 members of Congress recently gave the insurance fund a Dec. 15 deadline for coming up with an answer. Read more on here.

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