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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").
WASHINGTON, DC – July 18, 2014 – The Securities Investor Protection Corporation (SIPC) today issued the following statement in the wake of the decision by the U.S. Court of Appeals for the District of Columbia upholding the District Court decision that Stanford International Bank CD Investors do not meet the definition of “customer” under the Securities Investor Protection Act (SIPA).
SIPC President Stephen Harbeck said: "We appreciate the considerable time and attention the Appeals Court gave to this case and to its decision that SIPC acted in this matter consistent with the Securities Investor Protection Act. I want to underscore that SIPC has the deepest sympathy for the victims of the Stanford Antigua bank fraud, which caused them significant harm.
SIPC's focus remains where it always has been: protecting customers against the loss of missing cash or securities in the custody of failing or insolvent SIPC member brokerage firms. We will continue to work within the mandate of the Securities Investor Protection Act to protect customers in the manner that always has been intended."