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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").
February 18, 2016 – Washington, D.C. - On January 28, 2016, the Securities Investor Protection Corporation (SIPC) filed an application seeking an order placing Global Arena Capital Corp. (Global Arena), a brokerage firm located in New York City, in liquidation under the Securities Investor Protection Act (SIPA). Today, the order of the United States District Court for the Southern District of New York, Judge Robert Sweet presiding, was docketed, placing Global Arena in liquidation and appointing SIPC as trustee. Global Arena ceased doing business in 2015, but some customers of the firm have not received the assets in their accounts. Under SIPA, the case will be removed to the United States Bankruptcy Court for the Southern District of New York.
Claim forms will be sent to customers and creditors of the firm as soon as mailing lists can be compiled and claim forms printed. SIPC received information from the Financial Industry Regulatory Authority (FINRA) that prompted the application.
Information on filing claims and related deadlines will be posted on www.sipc.org.