Supreme Court of the United States, 1974

Securities Investor Protection Corp. v. Barbour

Securities Investor Protection Corp. v. Barbour
Supreme Court of the United States · Decided October 21, 1974
419 U.S. 894; 95 S. Ct. 172 (United States Reports)

Securities Investor Protection Corp. v. Barbour

Opinion of the Court

C. A. 6th Cir. Certiorari granted limited to the following questions:

1. Whether customers of a Member have an implied private right of action to compel SIPC to meet its alleged obligations to them under the Act, despite § 7 (b) thereof which grants that right only to the Securities and Exchange Commission?

2. If such a right of action can be implied, whether a receiver of a Member has standing to maintain it?

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