The Securities Investor Protection Act of 1970, Public Law No. 91-598, 84 Stat. 1636 (Dec. 30, 1970), codified at through , established the
Securities Investor Protection Corporation
The Securities Investor Protection Corporation (SIPC ) is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act (SIPA) of 1970 that mandates membership of most US-register ...
(SIPC). Most brokers and dealers registered under the
Securities Exchange Act of 1934 are required to be members of the SIPC.
The SIPC maintains a fund that is intended to protect investors against the misappropriation of their funds and of most types of securities in the event of the failure of their broker.
External links
Securities Investor Protection Act of 1970PDFdetails
as amended in the GPObr>Statute Compilations collection
1970 in law
United States federal securities legislation
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