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.

All labels observed (4)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf corporation
investor protection organization
nonprofit organization
abbreviation SIPC
appliesTo customers of SIPC-member brokerage firms
boardMembersAppointedBy United States President
boardMembersConfirmedBy United States Senate
collaboratesWith Financial Industry Regulatory Authority
United States Securities and Exchange Commission
court-appointed trustees in broker liquidations
federal courts
country 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
hasBoardOfDirectors SIPC Board of Directors
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
legalBasis Securities Investor Protection Act of 1970
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
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
typeOfProtection account-level protection, not firm-level insurance
website https://www.sipc.org

How these facts were elicited

Referenced by (14)

Full triples — surface form annotated when it differs from this entity's canonical label.

Irving Picard associatedWith Securities Investor Protection Corporation
subject linked to: Madoff trustee Irving Picard
Robinhood Securities LLC regulator Securities Investor Protection Corporation
Robinhood Securities LLC memberOf SIPC
linked to: Securities Investor Protection Corporation
Wells Fargo Advisors regulator Securities Investor Protection Corporation
Subcommittee on Capital Markets oversees Securities Investor Protection Corporation
Trading and Markets Division oversees SIPC
linked to: Securities Investor Protection Corporation
Securities Investor Protection Act creates Securities Investor Protection Corporation
Securities Investor Protection Act administeredBy Securities Investor Protection Corporation
Securities Investor Protection Corporation abbreviation SIPC
linked to: Securities Investor Protection Corporation
Securities Investor Protection Corporation hasBoardOfDirectors SIPC Board of Directors
linked to: Securities Investor Protection Corporation
Irving H. Picard employedBy Securities Investor Protection Corporation (as trustee in Madoff case)
linked to: Securities Investor Protection Corporation