Securities Investor Protection Corp. v. Barbour
Supreme Court of the United States
Securities Investor Protection Corp. v. Barbour, 419 U.S. 894 (1974)
95 S. Ct. 172
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?
Reference
- Status
- Published