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SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 300 Release No. SIPA173; File No. SIPC201501 Securities Investor Protection Corporation AGENCY: Securities and Exchange Commission. ACTION: Proposed
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The Securities Investor Protection Corporation (SIPC) is a nonprofit corporation that insures investors' cash and securities held by member brokerage firms in case the firm fails.
Brokerage firms that are members of SIPC are required to file with the corporation.
Brokerage firms can fill out the SIPC form online through the SIPC website or by submitting a paper form via mail.
The purpose of SIPC is to protect investors against the loss of cash and securities held by member brokerage firms.
Brokerage firms must report the total amount of customer cash and securities held by the firm.
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