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Simple English definitions for legal terms

Securities Investor Protection Act

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A quick definition of Securities Investor Protection Act:

Securities Investor Protection Act: A law created in 1970 to help protect investors when their brokers or dealers are having financial problems. It established the Securities Investor Protection Corporation (SIPC), which is not a government agency, but helps to recover money for investors if their broker or dealer goes bankrupt.

A more thorough explanation:

The Securities Investor Protection Act (SIPA) is a federal law that was passed in 1970. It created the Securities Investor Protection Corporation (SIPC), which is not a government agency, but is designed to protect investors in case their brokers or dealers go bankrupt or are in financial trouble.

For example, if you have invested money with a broker and that broker goes bankrupt, you may lose your money. However, if the broker is a member of SIPC, you may be able to recover some or all of your money through the SIPC fund.

The purpose of the Securities Investor Protection Act is to provide some protection for investors in case of financial fraud or other problems in the securities industry. It is important for investors to understand their rights and protections under this law.

securities exchange | Securities Investor Protection Corporation

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

Eggan

12:01

LOL

Dkk

12:02

Just part of the culture.

BulbasaurNoLikeCardio

12:04

I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.

Dkk

12:04

Unless its like an N95 i dont think it will really do anything

Eggan

12:04

there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it

ChowieBean

12:05

good morning

ChowieBean

12:05

why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."

BulbasaurNoLikeCardio

12:05

One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close

riordanker

12:05

am i the only one who has never gotten my status checker to work on here?

BulbasaurNoLikeCardio

12:06

@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant

ChowieBean

12:06

ok good cuz idk whether i wanna tell them or not

ChowieBean

12:06

thanks bulbasaur

Eggan

12:08

not to be that guy again but berkeley person/applicant id is back and Shiny New Logo

WelfareIsACat

12:08

be that guy

jackfrost11770

12:09

EW THE NEW LOGO IS SO UGLY

jackfrost11770

12:09

WTF

ChowieBean

12:09

need to send in my berkeley app rawwwww

BulbasaurNoLikeCardio

12:09

@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.

BulbasaurNoLikeCardio

12:10

*shouldnt be

Eggan

12:12

@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)

babycat

12:12

@ChowieBean: me too lol. you applying to public interest scholars program?

ChowieBean

12:14

yes def applying public interest

ChowieBean

12:16

i was raised like blocks away from umiami

ChowieBean

12:16

idk if i wanna go back to florida tho so im applying there as safety/target 💀

info-man

12:25

@ChowieBean: doing the same thing

MinorHomelyStoat

12:26

Does anyone think au gonna get back to us today

MinorHomelyStoat

12:26

My app was complete Oct 11

MinorHomelyStoat

12:27

If yes what time

Dkk

12:29

Sure, yes! 11:22:24 PST

ClassyPleasantHeron

12:30

I wonder if Berk was updating their system so that they could watch more video.

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