"U.S. Rep. Bill Cassidy plans to file legislation Thursday to allow investors of R. Allen Stanford to individually opt out of a federal lawsuit for one-time buyouts of up to $500,000." http://theadvocate.com/home/2016992-125/cassidys-bill-tailored-to-stanford.html
"U.S. District Judge Robert Wilkins in Washington today ruled that SIPC, a nonprofit corporation funded by the brokerage industry, must tell the court by Feb. 16 why it shouldnât be ordered to start a liquidation proceeding in federal court in Texas to handle more than $1 billion in possible claims related to the alleged Stanford fraud." http://www.businessweek.com/news/20...-why-it-shouldn-t-cover-stanford-victims.html
NAIBD Supports SIPC on Stanford Claims http://www.investmentnews.com/article/20120216/FREE/120219934 NAIBD members weigh-in on the debate here: http://www.petition2congress.com/6126/support-sipc-in-its-sec-case-on-stanford/view/