SIPC Told to Say Why It Won’t Cover Stanford Victims

(Corrects typographical error in acronym in headline.)

The Securities Investor Protection Corp. was ordered by a U.S judge in Washington to explain why it shouldn’t create a claims process for R. Allen Stanford’s alleged investment fraud victims.

To contact the reporter on this story: Tom Schoenberg in Washington at tschoenberg@bloomberg.net

To contact the editor responsible for this story: Fred Strasser at fstrasser@bloomberg.net

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