Thursday, April 2, 2009

Why and What's SIPC?

What is SIPC? In light of Madoff, this article attempts to answer basic questions about SIPC's purpose and functions. Created in 1970, SIPC's purpose is to promote investor confidence by offering protections after a brokerage firm fails owing its customers cash or securities. SIPC's main function is to return securities and funds to investors. FOOTNOTES and more courtesy Jones Day and

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