Securities Investor Protection Corporation: Difference between revisions
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SIPC provides an element of protection for investors whose money, stocks and other securities are stolen by a broker holding them or put at risk when the brokerage fails. | SIPC provides an element of protection for investors whose money, stocks and other securities are stolen by a broker holding them or put at risk when the brokerage fails. | ||
It was formed through the Securities Investors Protection Act of 1970 but it is a member body not a Federal agency - its members being the brokerages covered. | It was formed through the Securities Investors Protection Act of 1970 but it is a member body not a Federal agency - its members being the brokerages covered. | ||
Revision as of 17:08, 13 August 2014
US.
SIPC provides an element of protection for investors whose money, stocks and other securities are stolen by a broker holding them or put at risk when the brokerage fails.
It was formed through the Securities Investors Protection Act of 1970 but it is a member body not a Federal agency - its members being the brokerages covered.
