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