The Capital Markets Subcommittee is holding a hearing March 7 on the recommendations of the SIPC Modernization Task Force. The Task Force presented a number of incremental recommendations, but did not deal with the dramatic increase in SIPC claims and assessments, only a portion of which is due to the financial crisis. The BDA urged a more fundamental look at SIPC’s role and financing going forward. The BDA’s statement is available here. The report of the SIPC Modernization Task Force is available here.
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