SIPC, Madoff Trustee Announce $231 Million in Funds Committed to BLMIS Customers, with an Additional $2.741 Billion Authorized for Potential Future Recovery

claims. For that purpose, SIPC maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms. The only source of payment for the portion of these and other allowed claims in excess of the $500,000 from SIPC is the...