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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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kms
i think they want me to take the june one in this case
above their median for everything chat i'm ending it
I applied NYU on October 8th like r give up right?
16:46
wtf
16:47
i'd reach out to their admissions and check up on it
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
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