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Simple English definitions for legal terms

Securities Investor Protection Corporation

Read a random definition: FDCPA

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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19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
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