SipC
SIPC stands for the Securities Investor Protection Corporation, a United States nonprofit corporation created by Congress through the Securities Investor Protection Act of 1970 to protect customers of registered broker-dealers in the event of a firm's failure. It is not a government agency and is funded by annual assessments on SIPC-member broker-dealers, with a reserve used to meet customer claims and to facilitate the transfer of customer accounts to solvent firms when possible.
Coverage: SIPC protection is limited. For each customer at each SIPC-member broker-dealer, SIPC covers up to
Limitations and exclusions: SIPC does not insure against market losses or bad investment performance. It does
Process: When a member firm fails, SIPC works with the bankruptcy trustee to restore customer property where