Securities Investor Protection Corporation
E676607
The Securities Investor Protection Corporation (SIPC) is a U.S. nonprofit organization that protects customers of failed or financially troubled brokerage firms by overseeing the recovery and return of their securities and cash.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| SIPC | 1 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
corporation
ⓘ
investor protection organization ⓘ nonprofit organization ⓘ |
| abbreviation | SIPC NERFINISHED ⓘ |
| appliesTo | customers of SIPC-member brokerage firms ⓘ |
| boardMembersAppointedBy | United States President NERFINISHED ⓘ |
| boardMembersConfirmedBy | United States Senate NERFINISHED ⓘ |
| collaboratesWith |
Financial Industry Regulatory Authority
NERFINISHED
ⓘ
United States Securities and Exchange Commission NERFINISHED ⓘ court-appointed trustees in broker liquidations ⓘ federal courts ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| doesNotInsure | losses from market fluctuations ⓘ |
| doesNotInsure | non-SIPC-member firms ⓘ |
| excludes |
commodity accounts
ⓘ
futures contracts not registered as securities ⓘ |
| foundedBy | United States Congress ⓘ |
| fundingMethod | assessments on member broker-dealers ⓘ |
| governingStatute | Securities Investor Protection Act NERFINISHED ⓘ |
| hasBoardOfDirectors | SIPC Board of Directors NERFINISHED ⓘ |
| hasLanguage | English ⓘ |
| hasLegalForm | nonprofit corporation ⓘ |
| hasService |
advancing funds to satisfy customer claims within statutory limits
ⓘ
arranging transfer of customer accounts to solvent brokerages ⓘ liquidation of failed brokerage firms under SIPA ⓘ |
| headquartersLocation | Washington, D.C. ⓘ |
| inception | 1970 ⓘ |
| industry |
financial services
ⓘ
investor protection ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| legalBasis | Securities Investor Protection Act of 1970 NERFINISHED ⓘ |
| legalStatus | federally mandated, privately funded nonprofit ⓘ |
| locatedInTimeZone | Eastern Time Zone ⓘ |
| membership | registered broker-dealers in the United States ⓘ |
| monitors | financial condition of member broker-dealers for liquidation triggers ⓘ |
| operatesFund | SIPC Fund NERFINISHED ⓘ |
| purpose |
maintain investor confidence in U.S. securities markets
ⓘ
oversee recovery and return of customer securities and cash ⓘ protect customers of failed brokerage firms ⓘ |
| regulates | protection of customer securities at member broker-dealers ⓘ |
| regulatoryClassification |
not a general investment loss insurer
ⓘ
not a government agency ⓘ |
| scopeOfProtection | securities and cash held in customer accounts ⓘ |
| SIPCMemberRequirement | most registered broker-dealers must be SIPC members ⓘ |
| statutoryCoverageLimit | up to $500,000 per customer ⓘ |
| statutoryCoverageLimitForCash | up to $250,000 for cash claims ⓘ |
| supervisingAuthority | United States Securities and Exchange Commission NERFINISHED ⓘ |
| typeOfProtection | account-level protection, not firm-level insurance ⓘ |
| website | https://www.sipc.org ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Irving Picard
this entity surface form:
SIPC