WASHINGTON, DC – June 7, 2023 - The Securities Investor Protection Corporation (SIPC) and the SEC’s Office of Investor Education and Advocacy have jointly issued two Investor Bulletins to help educate investors about SIPC protection for brokerage accounts.
The first Investor Bulletin (“SIPC Basics”) provides investors with an overview of how SIPC protection works and what it protects. The second Investor Bulletin (“Filing a SIPC claim”) provides investors with an overview for how to file a SIPC claim.
SIPC President and CEO Josephine Wang said, “SIPC protection is for every investor, large or small. It is important that investors understand when and how this protection works. We thank the SEC’s Office of Investor Education and Advocacy for the opportunity to collaborate on this public education effort and look forward to working together on future initiatives benefitting the investing public.”
To access the first Investor Bulletin on SIPC protection, please click HERE.
To access the second Investor Bulletin on filing a SIPC claim, please click HERE.
Created by Congress, SIPC was established as a nonprofit under the Securities Investor Protection Act of 1970. It was tasked with creating and administering a fund that would be used to restore investors’ missing assets in the event of a brokerage firm failure. Since 1971, through 330 liquidation proceedings, SIPC has distributed more than $140 billion for the benefit of more than 773,000 investors who otherwise might have lost their life savings.