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Securities Investor Protection Corporation

2:06

What Is SIPC Insurance? : Investment & Insurance Questions

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The Securities Investment Protection Corporation is Out to Protect Themselves

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Protection Fund: Slip it to SIPC

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Investor Protection

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Chapter 21: Investor Protection, Insider Trading & Corporate Governance

The Securities Investor Protection Corporation (SIPC ) is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act (SIPA) of 1970 and mandates membership of most US-registered broker-dealers. It is not a self-regulatory organization (SRO). "The SIPC fund, which constitutes an insurance program, is designed to protect the customers of brokers or dealers subject to the SIPA from loss in case of financial failure of the member. The fund is supported by assessments upon its members. If the fund should become inadequate, the SIPA authorizes borrowing against the U.S. Treasury. An analogy could be made to the role of the Federal Deposit Insurance Corporation (FDIC) in the banking industry."
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