SIPC

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Securities Investor Protection Corporation (SIPC)

A nonprofit corporation that insures customers' securities and cash held by member brokerage firms against the failure of those firms.

Securities Investor Protection Corporation

A not-for-profit organization mandated under American law to insure investors against the potential bankruptcy of a broker-dealer. If a broker or dealer goes bankrupt after a client has entrusted it with cash or securities, the SIPC will compensate the client up to $500,000 (or $100,000 if the client is owed only cash). All brokers, dealers, and exchanges registered with the SEC are required to be members of the SIPC and fund its activities. It is important to note that the SIPC does not insure against losses by investors, only against the possibility of a broker-dealer being unable to conduct a transaction because of bankruptcy.

SIPC

Securities Investor Protection Corporation (SIPC).

The Securities Investor Protection Corporation (SIPC) is a nonprofit corporation created by Congress to insure investors against losses caused by the failure of a brokerage firm.

Through SIPC, assets in your brokerage account are insured up to $500,000, including up to $100,000 in cash, but only against losses that result from the brokerage firm going bankrupt, not against market losses caused by trading decisions or other causes.

All brokers and dealers must register with the Securities and Exchange Commission (SEC) and are required to be SIPC members though they can lose their affiliation under certain circumstances. Clients of nonmember firms are not insured.

References in periodicals archive ?
At my deadline, Microsoft appeared likely to announce in early April the specifications for its Simply Interactive PC - to be similar to IBM's InterPersonal Computer - which should come with a scaled down version of Windows and sell for about $600.
The product, slated for production in early 1998, also will support Microsoft's Simply Interactive PC (SIPC) platform and the Device Bay Initiative.
CompCore, as one of the leaders in software decoding, will be able to provide excellent solutions that support the Simply Interactive PC (SIPC) initiative.
USB is a critical step in the evolution of the Simply Interactive PC.
Digital high-fidelity audio quality and USB peripherals are important steps toward evolving the PC forward around the Simply Interactive PC vision.