SIPC: Pending Settlement Announced in MJK Clearing Litigation.

PR Newswire;  December 22, 2005 ;     625 words ......to customers of MJK Clearing, Inc. Mr. Stephenson...Protection Corporation (SIPC) and appointed by...District of Minnesota. SIPC maintains a special...and creditor of MJK Clearing with an allowed...the liquidation of MJK Clearing in 2001. The MJK...ever handled ...

SIPC: Bankruptcy Court Clears Sale of Troubled Minnesota Brokerage Firm.

PR Newswire;  October 2, 2001 ;     700+ words ......Information about the MJK Clearing Case will be available at SIPC's Web site at...information about MJK Clearing. The liquidation...ever handled by SIPC in its more...Stephen Harbeck. SIPC is working closely...customers of MJK Clearing can obtain access...

SIPC's tightly drawn purse tapped for record payout: as claims soar,...

Investment News;  March 12, 2002 ;     700+ words ......Based in Washington, the SIPC has come under heavy criticism...the narrow confines of the SIPC's mandate and did not reflect...500 investors at one firm, MJK Clearing Inc. in Minneapolis, the...liquidation handled by the SIPC in the more than 30 years...must do to file claims. The ...

Customers to Be Fully Reimbursed in Liquidation of MJK Clearing; More Than...

PR Newswire;  June 10, 2004 ;     378 words ......000 customers of MJK Clearing. Since that time...Protection Corporation (SIPC). SIPC President...to the demise of MJK Clearing. He said that the...ever handled by SIPC in its more than...shutdown handled by SIPC involved the firm...the liquidation of MJK ...

SIPC: 2001 Set Record for Number of Customers Paid, Amount of Advances;...

PR Newswire;  March 13, 2002 ;     700+ words ......refers to money drawn from SIPC's reserves (in the absence...2001 was a busy year for SIPC: The non-profit organization...The 2001 total included MJK Clearing Inc., of Minneapolis, MN...largest liquidation case in SIPC's history. To find a higher...under federal law. In 2001, SIPC ...

Bankruptcy Court Approves SWS' Acquisition of MJK Clearing Accounts.

PR Newswire;  October 3, 2001 ;     268 words ...SWS CEO Applauds Swift Action of SIPC and Regulators DALLAS, Oct. 3 /PRNewswire...customer accounts of Minneapolis-based MJK Clearing to a subsidiary of Dallas- based Southwest...Securities Investor Protection Corporation (SIPC) assumed responsibility for the accounts last week when MJK ...

Longtime SIPC Employee Now Heads Group That Takes on Stock Recovery...

The Washington Times (Washington, D.C.) (via Knight-Ridder/Tribune Business News);  December 8, 2003 ;     432 words ......not protect against investment fraud, SIPC has distributed $513 million to bankrupt...handled larger challenges, such as MJK Clearing. The Minneapolis firm collapsed financially...stock portfolios of 175,000 customers. SIPC gave $177 million to trustees to return stocks to customers a week after ...

SIPC liquidating clearing company.

Investment News;  October 8, 2001 ;     96 words ......Accounts for 175,000 investors at financially troubled MJK Clearing Inc., a subsidiary of Stockwalk Group Inc. in Minneapolis...last week by the U.S. Bankruptcy Court in Minneapolis. SIPC said that customers with accounts up to $2 million would...large-account holders would have access only to a ...

Indiana Bankruptcy Judge Clears Way for SIPC To Help 30 Investors Recover...

PR Newswire;  December 19, 2001 ;     700+ words ......investment advisory clients. SIPC President Michael E. Don said...activities deserved the help of SIPC. This may seem like an extraordinary...is that those of us here at SIPC take very seriously our Congressionally...record-setting case handled by SIPC. On October 2, 2001, SIPC announced a ...

SIPC: 23,000 Customers Get Claim Packages After $2 Million Theft At St....

PR Newswire;  November 30, 2001 ;     634 words ......for investors to know that SIPC is here as a safety net when...of why Congress chartered SIPC to help out investors in their time of greatest need. SIPC estimates that as much as...record-setting case handled by SIPC. On October 2, 2001, SIPC announced a record payment...investors due to a ...

Brokerage sues Ernst & Young over its audit of MJK Clearing.(BUSINESS)

Star Tribune (Minneapolis, MN);  June 11, 2003 ;     347 words ......Young accounting firm over its audit of MJK Clearing, the defunct unit responsible for the...that led to the huge risk exposure at MJK Clearing. The firm said it relied in part on...summer of 2001. Regulators liquidated MJK Clearing in the fall of 2001, after a failed...

Trustee Announces Tentative Agreement for MJK Clearing Accounts.

PR Newswire;  October 1, 2001 ;     302 words ......PRNewswire/ -- Most of the customers of MJK Clearing, Inc. will be able to access their accounts...Court in Minneapolis, most accounts of MJK Clearing, Inc. will be transferred to SWS Securities...pending disposition of other assets of MJK Clearing. I expect that percentage would be ...

Investor relief or grief? To fulfill its mandate, SIPC sues fraud...

Investment News;  March 17, 2003 ;     700+ words ......administrators see their role more as preserving the SIPC [$1.27 billion] reserve than providing investors relief...says that during the liquidation of a brokerage, the SIPC is concerned only with replacing securities and cash...Mr. Donahue had more than 100 other clients, and the SIPC says it has ...

SIPC Advises Investors to Ignore E-Mail-Based 'Phishing' Schemes for...

PR Newswire;  February 4, 2004 ;     700+ words ......Securities Investor Protection Corporation (SIPC) cautioned investors today that it does...brokerage account numbers or other data. SIPC maintains a special reserve fund mandated...customers of insolvent brokerage firms. SIPC President Stephen Harbeck said: While the...

SIPC: The brokerage Insurer that Isn't: FDIC-insured banks could pounce on...

US Banker;  November 1, 2000 ;     700+ words ......by the Federal Deposit Insurance Corp., upon which SIPC is loosely modeled. SIPC's shortcomings recently were featured in an article...front page of The New York Times. The president of SIPC, Michael Don, disputes the accuracy of that article...