United States Bankruptcy Court, S.D. New York July 17, 1985, 19-10295 (In Re John Muir & Co.)

HOWARD C. BUSCHMAN, III, Bankruptcy Judge.

This proceeding raises the question of whether a stock loan transaction between two stock brokers is entitled to the protection of the Securities Investor Protection Corporation (“SIPC”) as provided under the Securities Investor Protection Act of 1970, as amended (“SIPA”) (15 U.S.C. § 78aaa

et seq.).