Answers - The Most Trusted Place for Answering Life's Questions

Subjects

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

AllQ&AStudy Guides

Best answer

SIPC stands for Securities Investor Protection Corporation. It is an important part of the overall system of investor protection in the United States. While a number of federal, self-regulatory and state securities agencies deal with cases of investment fraud, SIPC's focus is both different and narrow: Restoring funds to investors with assets in the hands of bankrupt and otherwise financially troubled brokerage firms. The Securities Investor Protection Corporation was not chartered by Congress to combat fraud.

Q: Is SIPC a type of insurance and under what circumstances would SIPC apply?

This answer is:

Related answers

View page

The Securities Investor Protection Corporation, or SIPC works either as a trust or court-appointed trustee to help recover funds in a missing asset case.

View page

Scottrade is a member of the Securities Investor Protection Corporation (SIPC), which protects securities held by investors up to $500,000, including a maximum of $100,000 in cash claims*. A brochure with the details of SIPC protection is available at www.sipc.org There is a good chance your cash at Scottrade will be involved in the bank sweep program allowing you to pick up FDIC insurance rather than FDIC eliminating issues related to the disclaimer below. If you are unsure call your local Scottrade branch.

*In order for cash to be covered by SIPC or excess SIPC, cash held in an account must be for the purpose of, or as a result of, securities transactions. Cash held in a securities account for the purpose of earning interest, which was not the result of a securities transaction, may not be covered by SIPC or excess SIPC.

View page

Securities Investor Protection Corporation is a nonprofit organization created by US government to protect brokerage accounts against losses due to failure of brokerage houses. The maximum coverage is $500,000 per customer, with a limit of $100,000 on cash equivalents (e.g. money or money market funds). All brokers and dealers registered with the SEC are required to be members of SIPC. Losses due to regular market risks, like price fluctuations, are not covered

View page

Investor protection.

View page

Featured study guide

📓

See all Study Guides

✍️

Create a Study Guide

Search results

Trending Questions

What is two bar rhythm? How many men does old Siward march with against Macbeth? What has the author Warwick Temby written? What was Shel Silversteins longest poem? What textual evidence supports the idea that Rikki-tikki is a hero? When is Bellatrix introduced in the book series? What has the author Wolf Spitzer written? What do superstitions cause? How does Fitzgerald describe daisy and Jordan? In the landlady at what point in the story did you first become suspicious that things in the boardinghouse were not quite normal? What is first name of peace Nobelist Root? Why did archbishop laud try to end puritan ideas in the Church of England? What books did sir Walter Raleigh write? What songs represent Of Mice and Men? What are some of Saint Anne Line's symbols? How did langston hughes become famous or well known? In the story initiation How does millicent's main goal lead to conflict and tie into the theme of conformity? What were some of sir Ellis' favourite quotes? What is the longest turd ever reported? How did Beauty Smith get White Fang?

Still have questions?

Resources

Top Categories

Product

Company