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SIPC's Role In Madoff-Of-All-Scams Could Save The Stock Market

247Wallst | Wed, 12/17/2008 - 4:20pm | Bernie Madoff |  Add a comment

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The SIPC came out with a statement last night indicating that they will be involved in the Madoff situation. The SIPC maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms. The SIPC reserves are available to satisfy the remaining claims of each customer
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