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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

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CheeseIsMyLoveLanguage
16:05
I guess there's always that route! 😂
[] c0bra1
16:14
damn my wake forest withdrawal didnt help the wl ppl 💀
MrThickRopes
16:15
what they gon collect frum me
MrThickRopes
16:15
nothin
Fuck fo pm
MrThickRopes
16:24
thas right
BlueFalcon95
16:25
Das right
hey, just so u all know - i just farted
i luv u all and will be seeing u all shortly
17:02
I floated marquettes deadline hopefully someone on the WL is thankful
18:10
safety
18:56
Ughhhhhhhhhh
Lets gooo my school was gunning median this last cycle 🤣
21:37
movie recs?
starfishies
21:45
rankings out woo
eggan
22:06
NYU solos columbia any day
Washu, TX, Vandy all move up and did well at 14
I am shocked that NW drops to 10 and NYU moves up to 8
[] c0bra1
23:07
holy cow unc is 18 time to beg to get off the waitlist
[] c0bra1
23:08
"rankings don't matter" i chant as i reorder my preference list
23:22
are the rankings on US News&World Report accurate?
YM-Honor-Student
23:24
No those are incorrect
YM-Honor-Student
23:24
Kansas is t14 and Cornell is rank 50
YM-Honor-Student
23:25
@DrDresSays: I recommend Cinema Paradiso. Makes me cry everytime.
YM-Honor-Student
23:26
The rankings literally did not change in my opinion. Smh. Going by like job outcomes and constitutional law, stayed the same.
23:28
@YM-Honor-Student: thank you!
YM-Honor-Student
23:29
You are welcome!
YM-Honor-Student
23:33
UFlorida should be higher for winning march madness lol.
Napo
1:43
Oof ASU dropped hard
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