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SIPC to liquidate Global Arena Capital

Feb 19, 2016 - The Deal Pipeline

A New York judge has placed former broker-dealer Global Arena Capital Corp. into liquidation and appointed the Securities Investor Protection Corp. as its trustee. Judge Robert Sweet of the U.S. District Court for the Southern District of New York in Manhattan on Tuesday, Feb. 16, signed an order authorizing the liquidation under the Securities Investor Protection Act. SIPA liquidations proceed in the related bankruptcy court, in this case the U.S. Bankruptcy Court for the Southern District of ...