Why Was SIPC Created?
SIPC is an important part of the overall system of investor protection in
the United States. While a number of federal, self-regulatory and state
securities agencies deal with cases of investment fraud, SIPC's focus is
both different and narrow: Restoring funds to investors with assets in the
hands of bankrupt and otherwise financially troubled brokerage firms. The
Securities Investor Protection Corporation was not chartered by Congress to
combat fraud.
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