Securities Investor Protection Corp. v. Oberweis Securities, Inc. (In Re Oberweis Securities, Inc.)

How courts have described this case

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

• claim for damages from brokers’ failure to invest money as directed was a general unsecured claim to be satisfied from estate, not customer funds
• SIPC only advances funds to the extent that the broker’s assets are insufficient to satisfy obligations to clients; SIPC’s exposure is limited to allowable SIPA claims up to $500,-000 per customer of which no more than $100,000 may represent reimbursement of cash
• SIPC only advances funds to the extent that the broker’s assets are insufficient to satisfy obligations to clients; SIPC’s exposure is limited to allowable SIPA claims up to $500,000 per customer of which no more than $100,000 may represent reimbursement of cash

Source: CourtListener parenthetical corpus (CC0).