 | |
| Abbreviation | SIPC |
|---|---|
| 52-0910763[1] | |
| Legal status | 501(c)(6) membership corporation[1] |
| Purpose | To work to return customers' cash, stock, other securities, and other property when a brokerage firm is closed due to bankruptcy or other financial difficulties and customer assets are missing. |
| Headquarters | 1667 K Street NW, Suite 1000, Washington, D.C. 20006, United States |
| Josephine Wang[2] | |
| Michael L. Post[2] | |
Vice President - Finance | Charles E. Glover[2] |
Vice President - Operations | Karen L. Saperstein[2] |
Revenue (2017) | $335,525,137[1] |
| Expenses (2017) | $67,218,040[1] |
Employees (2017) | 39[1] |
| Website | http://www.sipc.org/ |
The Securities Investor Protection Corporation (SIPC /ˈsɪpɪk/) is a federally mandated, non-profit, member-funded, United States government corporation created under the Securities Investor Protection Act (SIPA) of 1970[3] that mandates membership of most US-registered broker-dealers. Although created by federal legislation and overseen by the Securities and Exchange Commission, the SIPC is neither a government agency nor a regulator of broker-dealers. The purpose of the SIPC is to expedite the recovery and return of missing customer cash and assets during the liquidation of a failed investment firm.[4]
- ^ a b c d e "Form 990: Return of Organization Exempt from Income Tax". Securities Investor Protection Corporation. Guidestar. December 31, 2017.
- ^ a b c d "Leadership". SIPC.org. Securities Investor Protection Corporation. Retrieved September 13, 2024.
- ^ Title 15 U.S.C. §78aaa et seq., as amended
- ^ "SIPC Mission". Retrieved 2018-12-15.