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SIPC President Defends Net Equity Approach

By Richard Vanderford (January 19, 2010, 6:18 PM EST) -- Securities Investor Protection Corp. President Stephen Harbeck has defended the company's plan to use the net equity method of calculating payments to victims of Bernard L. Madoff's Ponzi scheme, calling "ridiculous" investors' claims that SIPC is pursuing that plan out of concern for its own financial health rather than for investors' good....

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