In Re Brentwood Securities, Inc.

925 F.2d 325 Fed. Sec. L. Rep. P 95,782, Bankr. L. Rep. P 73,812 In re BRENTWOOD SECURITIES, INC., Debtor. SECURITIES INVESTOR PROTECTION CORPORATION, Appellant, v. PEPPERDINE UNIVERSITY; Mina Kolb McMurray; John Birmingham; Mike E. O'Neal, Appellees. No. 88-6257. United States Court of Appeals, Ninth Circuit. Argued and Submitted Aug. 8, 1989. Decided Feb. 5, 1991. Theodore H. Focht, Michael E. Don, and William H. Seckinger, Securities Investor Protection Corp., Washington, D.C., and Vincent Tricarico, Clark & Trevithick, Los Angeles, Cal., for appellant. Gary A. Hanson, Malibu, Cal., for appellee Pepperdine University. Emilio T. Gurrola, McKiernan, Gurrola, Moriwaki & Brady, Los Angeles, Cal., for appellees Mina Kolb McMurray and John Birmingham. Mike E. O'Neal, Malibu, Cal., pro se. Appeal from the Ninth Circuit Bankruptcy Appellate Panel. Before FLETCHER, NELSON and KOZINSKI, Circuit Judges. KOZINSKI, Circuit Judge: 1 This case is about a securities broker-dealer that went bankrupt and some disappointed investors. We consider whether these investors are protected by the Securities Investor Protection Act (SIPA), 15 U.S.C. Secs. 78aaa-78 lll, and are thus entitled to…