InvestorWords.com
Securities Investor Protection Corporation
Definition
SIPC. A non-profit membership corporation established by Congress which insures securities and cash in customer accounts up to $500,000 (up to $100,000 on cash) in the event of brokerage bankruptcy. The SIPC is funded by all of its member securities broker/dealers. While it insures the account in the event that a brokerage runs out of funds to cover its claims, it does not insure against investment losses.
Recommended Articles from InvestorGuide.com
Featured Tip
Picking Your First BrokerBefore you can choose a broker, you have to know who or what constitutes a broker. There are two types of brokers out there: those who deal directly with their clients (regular brokers), and those who ... Read more
Additional Tip(s)
Related Videos
Featured Advertiser
Get our free Term of the Day newsletter!
Nearby Terms
- Securities Industry Association
- Securities Industry Automation Corporation (SIAC)
- Securities Industry Committee on Arbitration (SICA)
- Securities Information Center (SIC)
- Securities Investor Protection Act of 1970
- Securities Investor Protection Corporation
- Securities Law Enforcement Remedies Act of 1990
- securities lending
- securities loan
- securities market
- securities subsidiary
