How do I contact SIPC?
Table of Contents
How do I contact SIPC?
For more information, please contact SIPC at 202-371-8300 or [email protected].
Is SIPC a government agency?
No. SIPC is not an agency or establishment of the United States Government. SIPC is a non-profit membership corporation created under the Securities Investor Protection Act.
Who regulates SIPC?
the Securities and Exchange Commission
Although created by federal legislation and overseen by the Securities and Exchange Commission, the SIPC is neither a government agency nor a regulator of broker-dealers.
What is not covered by SIPC?
SIPC protects stocks, bonds, Treasury securities, certificates of deposit, mutual funds, money market mutual funds and certain other investments as “securities.” SIPC does not protect commodity futures contracts (unless held in a special portfolio margining account), or foreign exchange trades, or investment contracts …
How safe is SIPC?
SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash.
How does SIPC make money?
The SIPC Fund was established with the corporation to cover its expenditures. The fund comes from members and interest from U.S. government securities that the SIPC purchased. The corporation also maintains a $2.5 billion line of credit with the U.S. Treasury.
What does the SIPC do?
The Securities Investor Protection Corporation (SIPC) was created in 1970 as a non-profit, non-government, membership corporation, funded by member broker-dealers. SIPC provides limited coverage to investors on their brokerage accounts if their brokerage firm becomes insolvent.
What does SIPC protect against?
Is SIPC required?
All brokerage firms that sell stocks or bonds to the investing public, or that clear such transactions, introducing or clearing firms respectively, are required to be members of SIPC.
What does SIPC insurance cover?
What does SIPC insurance stand for?
The Securities Investor Protection Corporation
The Securities Investor Protection Corporation (SIPC) protects customers if their brokerage firm fails. Brokerage firm failures are rare. If it happens, SIPC protects the securities and cash in your brokerage account up to $500,000.
Is SIPC insured?
