The Securities Investor Protection Act of 1970 is the U.S. federal law that established the Securities Investor Protection Corporation (SIPC). It was enacted by the 91st United States Congress and signed into law by

Richard Nixon Richard Milhous Nixon (January 9, 1913April 22, 1994) was the 37th president of the United States, serving from 1969 until Resignation of Richard Nixon, his resignation in 1974. A member of the Republican Party (United States), Republican ...

on December 30, 1970., , codified at through Most brokers and dealers registered under the

Securities Exchange Act of 1934 The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or 1934 Act) (, codified at et seq.) is a law governing the secondary trading of securities (stocks, bonds, and debentures) in the United States of America. A land ...

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.

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Securities Investor Protection Act of 1970PDFdetails
as amended in the GPObr>Statute Compilations collection
1970 in American law United States federal securities legislation {{US-fed-statute-stub