It only applies if you hold shares of a mutual fund at an SIPC-member brokerage firm. For example: You buy 100 shares of Vanguard Total Stock Market Index Fund in a Vanguard mutual fund account. (SIPC coverage does not apply.) You …
Illustrating SIPC's and Perforce, Your Broker's Insurance Scam Say you saved up $200,000 and invested it 40 years ago with your Kansas broker, whose brokerage company operates out of NY. Had the investment yielded the stock
Stock markets, especially foreign markets ... or other brokerage services through …
Focus
The SIPC came out with a statement last night indicating that they will be involved in the Madoff situation. The SIPC maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms. The SIPC reserves …
What the SIPC doesn't do is to prevent you from suffering market losses. If you buy a stock and its value goes to zero, don't look to the SIPC to bail you out, because it won't. Managing risk with your IRA investing To keep your IRA safe, …
"A key point here is that most securities, including money market mutual funds, stocks, stock funds, bonds and bond funds are ... the Securities Investor Protection Corporation (SIPC) typically helps facilitate the return of those securities …
SIPC will cover a stock investor for up to $500,000 in securities and cash (there's a $100,000 cap on the cash part) in case his or her brokerage goes bust. If your brokerage was lying to you, as was the case with Madoff, and fabricated your …
Madoff victims and their attorney will gather on the steps of Federal Hall in Lower Manhattan, opposite the New York Stock Exchange, to announce the legal action and call for Congressional reform of the quasi-governmental SIPC agency. The …
you might be asking yourself. The key difference is that SIPC insurance does not protect you against investment losses. If the stock market loses 90% of its value next week, SIPC insurance on your account will not help you one whit. …
Mutual fund
Sipp Industries Inc (OTCMKTS: SIPC) just popped up on our radar after signing a ... Judging by the bull action in SIPC’s stock price, it’s time to take a closer look at Sipp Industries Inc. First up, a little background on the company.