Securities Investor Protection Corporation (SIPC)
A non-profit corporation that insures investment accounts held by member brokerage firms against fraud and insolvency. The insurance covers both Cash and investment holdings and is capped at $500,000 ($100,000 in cash) per depositor. The SIPC is funded by member firms and does not insure deposits against investment losses or the purchase of worthless stocks. On the Web at www.sipc.org.
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