SECURITIES INVESTOR PROTECTION CORP. v. BARBOUR

No. 73-2055.

419 U.S. 894 (1974)

SECURITIES INVESTOR PROTECTION CORP. v. BARBOUR ET AL.

Supreme Court of United States.

October 21, 1974.


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...

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