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Simple English definitions for legal terms

SIPA

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A quick definition of SIPA:

Term: SIPA

Definition: SIPA is an abbreviation for Securities Investor Protection Act. This act was created to protect investors if their brokerage firm fails. It provides insurance coverage for up to $500,000 per customer, including up to $250,000 in cash. This means that if your brokerage firm goes bankrupt, you may be able to recover some or all of your investments.

A more thorough explanation:

SIPA

SIPA stands for Securities Investor Protection Act. It is a law that was passed in 1970 to protect investors in case their brokerage firm fails.

For example, if you have money invested in a brokerage firm and that firm goes bankrupt, you may lose your money. However, if the firm is a member of the Securities Investor Protection Corporation (SIPC), which was created by the SIPA, you may be able to recover some or all of your money.

Another example is if a broker steals your money or engages in fraudulent activities, the SIPA may provide insurance coverage to help you recover your losses.

The Securities Investor Protection Act was created to protect investors from losing their money in case their brokerage firm fails or engages in fraudulent activities. The examples illustrate how the SIPA provides insurance coverage to help investors recover their losses in such situations.

sin tax | si parcere ei sine suo periculo non potest

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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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