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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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WASHINGTON, D.C. - March 5, 2008 – The Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, announced today that it is liquidating Hanover Investment Securities, Inc., of Madisonville, Louisiana, under the terms of the Securities Investor Protection Act (SIPA).
The liquidation of the New Orleans area broker-dealer is the first such proceeding to be initiated by SIPC in 14 months.
SIPC General Counsel Josephine Wang said that an inquiry into Hanover began after a complaint was received by SIPC and then referred to the Financial Industry Regulatory Authority (FINRA) for investigation. FINRA's investigation revealed that a former principal of the firm had misappropriated investor funds and converted them to his own use before committing suicide on February 7, 2008. Investor losses may be as much as $2 million.
On February 28, 2008, on an application by SIPC, the U.S. District Court for the Eastern District of Louisiana appointed SIPC to act as trustee for Hanover and the law firm of Lemle & Kelleher, LLP, to act as counsel to the trustee.
As trustee, SIPC immediately secured the premises and books and records of Hanover. SIPC will seek permission from the Bankruptcy Court to publish notice of the commencement of the proceeding and to mail claims materials to customers and creditors of the broker-dealer, Wang said. Information about the case also will be made available on the Web at www.sipc.org.
The liquidation proceeding is docketed as case number 08-01021 in the United States Bankruptcy Court for the Eastern District of Louisiana, where it has been assigned to Judge Jerry A. Brown.