Miami attorney Armando Bucelo Jr. working to educate investors as head of US agency to protect brokerage clients
In 1970, Congress created the Securities Investor Protection Corp. to help investors at brokerage firms that fail. Since then, it has advanced more than $570 million for the recovery of $14.2 billion in assets for an estimated 624,000 investors.
Heading the non-profit agency as chairman since January has been Armando J. Bucelo Jr., a Miami attorney appointed to the SIPC board three years ago by President George W. Bush.
Mr. Bucelo also is a presidential appointee on the board of the National Housing Development Corp., dedicated to preserving affordable housing, and has been director of mortgage giant Freddie Mac.
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