Question
What is sipc insurance?
Interesting Question? 
(1) 
(6)
(1) (6)
Answers (1)
19th Nov 2009 by Mark P. Cussen, CFP, CMFC
SIPC insurance coverage is the equivalent of FDIC protection for brokerage account investors. The Securities Investor Protection Corporation will step in and reimburse customers of insolvent brokerage firms up to a certain limit, such as $250,000. The SIPC was created in 1970 and is ultimately backed by the U.S. Government.
SIPC insurance coverage is the equivalent of FDIC protection for brokerage account investors. The Securities Investor Protection Corporation will step in and reimburse customers of insolvent brokerage firms up to a certain limit, such as $250,000. The SIPC was created in 1970 and is ultimately backed by the U.S. Government.
Like This Answer? (0) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
(0) (0)
17th Nov 2009 In Insurance
1 Answers | 99 Views
Subjects: sipc insurance,