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Simple English definitions for legal terms

SIPA

Read a random definition: Madrid Union

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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14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
14:38
I'm too drunk to taste this chicken
Dkk
14:38
Lol, I suck I guess. @babycat
14:40
suck what? (:
Dkk
14:42
suck at predicting
14:43
boooooo
1a2b3c4d26z
14:45
hi guys
1a2b3c4d26z
14:45
how is everyone doing this fine friday
1a2b3c4d26z
14:46
Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)
1a2b3c4d26z
14:46
What is everyone else doing tonight
1a2b3c4d26z
14:47
Besides YM of course
14:47
Yoooo I’m a lifter too
14:47
I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:
babycat
14:48
renard what are you drinking?
BulbasaurNoLikeCardio
14:50
Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.
1a2b3c4d26z
14:51
Renard if you're not drinking margs Im gonna throw hands
14:51
Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor
1a2b3c4d26z
14:51
missing range time :(
1a2b3c4d26z
14:52
That sounds good renard but unfortunately I'll still have to throw hands
Tonight I’m Having a date with this guy who asked me out couple times
BulbasaurNoLikeCardio
14:54
What made you give in and go out after he asked a couple times?
Other failed dates
babycat
14:55
That’ll do it
Question, how many of u would sleep on first date
babycat
14:57
honestly my answer is it depends
babycat
14:57
there has to be a very specific vibe to make me want to do that. not like a regular date
babycat
14:59
and sometimes you want to and you still don’t do ir
babycat
14:59
it
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