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Simple English definitions for legal terms

Securities Investor Protection Corporation

Read a random definition: jurisprudent

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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mushroomroundtop01
16:47
Nah its rllt their pi program
16:47
When I was applying I thought the same thing Mr Sock
jackfrost11770
16:47
YEAHHHHHH DINOOOO
how did @sleepytimeteabear get waitlisted from gtown and upenn with a 180
thanks guys, im fucking stoked. its my first decision so far
and from my alma mater :')
mushroomroundtop01
16:48
and thats such a huge decision too omg so happy for u
jackfrost11770
16:48
If I signed up for a Cornell lets talk thing but my train was 30 minutes late and now I defiantly can't show up is it alright if I just don't .... I don't want it to affect me lmfao
jackfrost11770
16:48
how many ppls usually show up to those things
<3 much love to yall. i gtg back to work now but thanks for celebrating w me
jackfrost11770
16:49
They have one every month don't they
i cant imagine cornell keeping track of who goes to the lets talk
i mean maybe?
jackfrost11770
16:50
I mean they asked for lsac number but yeah I don't imagine they specifically keep track? Gtown does tho ....
jackfrost11770
16:50
But gtown is special lmfao
jackfrost11770
16:50
In a bad way
16:51
Do you need camera on/mic on for those Lets Talk Cornell things? I kinda want to attend but I'm at work
jackfrost11770
16:51
I have no idea I've never been to one
jackfrost11770
16:51
Hence Idk what to expect even capacity wise
jackfrost11770
16:51
But I'm literally still 30 minutes from home and it's in 10 min so unless I join on my phone with no camera or mic then I cannot lmao
jackfrost11770
16:55
You know what if Cornell don't want me they don't me I'm not worrying myself over this
16:57
There was a Vandy wave today?
GodsPlanUltimately
16:57
@jackfrost11770: What a excellent mindset. Cornell must have poor taste
1. Kansas 196. Cornell
nope cornell can be 2.
cornell is incredibly based
our professors are sigmapilled goonmaxxers
i see, a quality education
GodsPlanUltimately
16:59
Interesting folks.
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