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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.
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Information about the SIPC broker-dealer portal.
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News & Media
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Resources
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NEW YORK, NY – April 27, 2009 – Irving H. Picard, the SIPA Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC ("BLMIS"), announced that following the completion of the Bankruptcy Court approved auction conducted today at the offices of Baker Hostetler where he and his counsel are based, Castor Pollux Securities LLC ("Castor Pollux") is the winning bidder for the acquisition of the assets related to the market making business of BLMIS. Castor Pollux will pay $1,000,000 at closing and up to $24.5 million in deferred compensation through December 2013. Three bidders competed in the auction. One entity that had submitted a bid on April 22, 2009 withdrew its bid prior to the auction.
On March 27, 2009, the Trustee entered into a definitive agreement with Castor Pollux, subject to higher and better offers, for the sale of the market making business. That bid was for $500,000 to be paid at closing and payments of up to $15 million based on gross revenues generated and shares traded through 2012. As a result of the auction, the closing date cash consideration is twice what was initially proposed and the earn-out consideration is also substantially higher than the original bid.
"The auction today yielded a higher and better offer for the market making business. The additional consideration that we will receive as a result of the auction will benefit Madoff’s victims. Not only is the initial payment higher than the original bid, the transaction allows Madoff’s victims to participate in future earnings of the business in a higher amount than the original bid," said Mr. Picard. Trustee Picard also noted that all of the costs associated with the marketing and sale of the market making assets have been funded by the Securities Investor Protection Corporation.
The Bankruptcy Court will hold a hearing on April 30, 2009 where the Trustee will present the winning bid to the Court for approval.