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Simple English definitions for legal terms

Securities Investor Protection Corporation

Read a random definition: Adoption and Safe Families Act

A quick definition of Securities Investor Protection Corporation:

Securities Investor Protection Corporation (SIPC) is a government organization that helps protect investors and brokers who are facing financial difficulties. It was created under the Securities Investor Protection Act and provides assistance to investors in case their brokerage firm fails. SIPC aims to ensure that investors are compensated for their losses and that the securities market remains fair and transparent.

A more thorough explanation:

The Securities Investor Protection Corporation (SIPC) is a government organization that was created to protect investors and assist brokers who are experiencing financial difficulties. It was established under the Securities Investor Protection Act (SIPA) in 1970.

SIPC provides insurance coverage for investors in case their brokerage firm fails. If a brokerage firm goes bankrupt, SIPC will step in to return securities and cash to the investors. The maximum amount of coverage is $500,000, including up to $250,000 in cash.

For example, if an investor has $400,000 in securities and $100,000 in cash with a brokerage firm that goes bankrupt, SIPC will return the full $400,000 in securities and up to $100,000 in cash. However, if the investor had $600,000 in securities and $100,000 in cash, SIPC would only return $500,000 in total.

SIPC also helps to protect investors by monitoring brokerage firms and taking action against those that engage in fraudulent or unethical behavior. It is important to note that SIPC does not protect against losses due to market fluctuations or bad investment decisions.

Securities Investor Protection Act | securities-offering distribution

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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