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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
- Contact Us
WASHINGTON, D.C. – January 5, 2009 – Stephen Harbeck, president of the Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, and Irving H. Picard, the court-appointed trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS) of New York, NY, issued the following joint statement today:
“Pursuant to the order of the United States Bankruptcy Court for the Southern District of New York, Trustee Irving H. Picard mailed on Friday (January 2, 2009) the following: over 8,000 customer claim forms, with detailed instructions for the completion and filing of the forms with the trustee; claim forms and related information to general creditors of BLMIS; and claims filing information to brokers and dealers.
In addition, the trustee published a detailed notice to customers and creditors of the placement of BLMIS in liquidation under the Securities Investor Protection Act (SIPA) in the New York Times, Wall Street Journal, Financial Times, International Herald Tribune, USA Today and two Israeli newspapers (Jerusalem Post and Ye’diot Achronot). The published notice provides information regarding the claims process, including instructions on how, where and by when to file a claim.
Although SIPA requires the trustee to provide notice of a liquidation proceeding to persons who appear to have been customers of the debtor with open accounts within the past 12 months, any person may file a claim. The published liquidation notice contains an address from which a claim form may be requested. In addition, the notice, claim forms and related claims information are available for downloading on the trustee's Web site (http://www.madofftrustee.com) and on the SIPC Web site (http://www.sipc.org).
The notice contains deadlines for the filing of claims with the trustee: March 4, 2009 and July 2, 2009. Close attention should be paid to the deadlines as they are set by court order and by law. A failure to file a claim by the final deadline, even if by one day, will result in a denial of the claim.
The trustee and his staff will review and determine all claims seeking customer protection in accordance with SIPA. Claimants are requested to provide complete information and documentation relating to their claim, including proof of payments made to BLMIS and received from BLMIS, as this may help to expedite the processing of the claim.
The trustee is proceeding as expeditiously as possible to address the claims of all of the customers of BLMIS in a timely manner.”