Thị trường vốnCâu 325 / 398
A brokerage firm becomes insolvent, and customer securities are missing from their accounts. Which organization is designed to protect these customers up to specified limits?
a.The FDIC
b.The Federal Reserve
c.SIPC (Securities Investor Protection Corporation)
d.The MSRB
Giải thích
SIPC protects customers of failed broker-dealers by covering missing securities and cash up to specified limits (currently $500,000 total, including up to $250,000 in cash). SIPC does not protect against market losses; it addresses the failure of the brokerage firm itself.
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Câu hỏi liên quan cùng chủ đề
- A company sells its securities only to residents of the single state in which it is incorporated and does business. Which exemption may apply?
- Which regulatory body is the primary self-regulatory organization (SRO) that oversees broker-dealers and their registered representatives in the United States?
- Which organization writes rules governing the municipal securities market but has no enforcement authority of its own, relying on the SEC and FINRA to enforce them?
- Which of the following BEST describes what SIPC does NOT cover?
- Which federal agency insures deposits at member commercial banks up to specified limits?
- State securities laws designed to protect investors from fraudulent offerings within a state are commonly known as:
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