Securities Investor Protection Corporation: Difference between revisions
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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. | ||
==See also== | |||
* [[Broker]] | |||
[[Category:Financial_risk_management]] | |||
Revision as of 11:03, 14 January 2015
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.
