In Re MV Securities, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that claim resulting from broker-dealer fraud not entitled to SIPA protection even though funds originally were deposited for the purchase of securities
• explaining that the definition of “customer” under SIPA is to be construed narrowly
• SIPA does not protect customer claims based on fraud or breach of contract
• “SIPA does not protect customer claims based on fraud or breach of contract.”
• no SIPA protection for claims based on breach of contract

Source: CourtListener parenthetical corpus (CC0).