Posted On: 03/15/2013 11:06:32 PM
Post# of 351
The meaning and definition of Securities Investment Protection Corporation SIPC
Non-profit corporation established by Congress to insure securities and cash in customer accounts of member brokerage firms against loss from the failure of firms. Overall maximum is $500,000 of coverage per customer, with a limit of $100,000 for cash. It does not protect against market risks.
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