Securities Investor Protection Corp. v. Barbour

Supreme Court

Securities Investor Protection Corp. v. Barbour

419 U.S. 894, 95 S. Ct. 172

Procedural entryThis page is a short order in Securities Investor Protection Corp. v. Barbour. Read the opinion of the Court — 421 U.S. 412 →

Supreme Court of the United States·Decided October 21, 1974·No. No. 73-2055·Published

Opinion

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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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?

Securities Investor Protection Corp. v. Barbour, 419 U.S. 894, 95 S. Ct. 172 (1974).

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419 U.S. 894 (Securities Investor Protection Corp. v. Barbour) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.