Author Archives: Site Administrator
How SIPC Protects You
Attached is a link to SIPC’s webpage which provide a good overview on the protections afforded by SIPC for customers of failed brokerage houses. http://www.sipc.org/how/brochure.cfm
MF Global Customers Fume as Funds, Trades Frozen
Please note that customers of a failed brokerage firm get back all securities (such as stocks and bonds) that already are registered in their name or are in the process of being registered. After this first step, the firm’s remaining customer assets are then divided on a pro rata basis with funds shared in proportion… Read More »
MF Global Inc. Forced Into Sipa Liquidation
MF Global Inc. Forced Into SIPA Liquidation The Securities Investor Protection Corporation made the following statement on October 31, 2011 regarding MF Global Inc.: “The Securities Investor Protection Corporation (“SIPC”) which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, announced yesterday that it is initiating the liquidation… Read More »
October 2011
John N. Poulos was named counsel to The Billboard Company. Poulos LoPiccolo will represent The Billboard Company in seeking to obtain permits to install electronic billboards in various locations throughout New Jersey, New York and Pennsylvania. John N. Poulos successfully appealed and reduced the property taxes due for various home owners. Poulos LoPiccolo settled a number of… Read More »
September 2011
Poulos LoPiccolo successfully represented a mechanical contractor in a bid protest against a public owner. After initially rejecting the client contractor’s bid as untimely, within 2 weeks the client contractor’s bid was opened by the owner. Poulos LoPiccolo successfully represented a large Monmouth County paving contractor in a payment dispute. The matter continues, however, Poulos LoPiccolo… Read More »