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About Us
About Us
The SIPC logo means your assets are protected under the Securities Investor Protection Act (SIPA).
We are a non-profit corporation that has been protecting investors for 50 years. We work to restore investors’ cash and securities when their brokerage firm fails. SIPC has recovered billions of dollars for investors. -
Cases & Claims
Cases & Claims
Steps SIPC takes to recover customer assets when a brokerage firm fails financially.
Find claim forms and deadlines for open cases here.SIPC has restored billions of dollars for investors. -
Investors
Investors
SIPC steps in when a brokerage firm fails financially, and assets are missing from customer accounts.
SIPC protects customer assets when a SIPC-member brokerage firm fails financially.
Understand how SIPC protection works if you have multiple accounts.SIPC has recovered billions of dollars for investors. Our job is to recover missing cash or securities if your brokerage firm has gone out of business. SIPC does not protect digital asset securities that are investment contracts that are not registered with the U.S. Securities and Exchange Commission, even if held by a SIPC member brokerage firm.
SIPC has issued Investor Bulletins explaining SIPC’s protection and claims process. Click here for Part I ("SIPC Basics"). Click here for Part II ("Filing a SIPC Claim").
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Member Firms
Member Firms
Member Filing Requirements
Questions about filing requirements? Call the membership department at (202) 371-8300 or contact us.
Portal Information
Information about the SIPC broker-dealer portal.
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News & Media
News & Media
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Resources
Resources
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NEW YORK CITY//December 28, 2006///The Securities Investor Protection Corporation (SIPC) is conducting an inventory of the assets of Paul L. Forchheimer & Co., Inc., 61 Broadway, New York City, and also is seeking to identify a full list of the customers of the now-shuttered brokerage firm.
SIPC was appointed earlier this month by a federal court to act as trustee in the Forchheimer & Co. liquidation proceeding in the wake of the arrest of the Aharon Weichselbaum, who was an employee at the brokerage firm. SIPC was created by Congress to maintain a special reserve fund to help investors at bankrupt brokerage firms.
Weichselbaum was apprehended by authorities on suspicion of diverting customer and Forchheimer & Co. assets. He is believed to have generated typewritten investor account statements, the accuracy and completeness of which will be analyzed by SIPC. SIPC investigators estimate that between $300,000 to $3 million in customer and Forchheimer & Co. assets may be missing and that the number of affected investors is likely to end up being fewer than 200.
SIPC President Stephen Harbeck said: "SIPC is carefully combing through the files and property of the firm. We want to ensure that we find all existing assets and compile a complete list of clients to be notified before the clock starts ticking on the claims submission process in this case."
SIPC was named trustee in the Forchheimer & Co. liquidation proceeding on December 12, 2006, with the law firm of Drinker Biddle & Reath, LLP appointed as counsel to the trustee. Immediately upon its appointment as trustee in the matter, SIPC was on site at the Forchheimer & Co. offices in New York City in order to secure the premises and begin the property inventory process. SIPC now is in the midst of gathering the fullest possible list of customers for the liquidation review process.
Weichselbaum was arrested as a flight risk after it was learned that he has dual citizenship in both the United States and Israel.