Watch a short video. SIPC steps in when a brokerage firm fails financially, and assets are missing from customer accounts. For Member Firms. Member Filing Requirements Questions about filing requirements? How to File Your Annual Report. Pay your assessment here. List Of Members. Contact Us.
Examples of separate capacities are: individual account; joint account; an account for a corporation; an account for a trust created under state law; an individual retirement account; a Roth individual retirement account; an account held by an executor for an estate; and an account held by a guardian for a ward or minor. Here is how the FDIC defines coverage for different account holders by some common ownership types:.
SIPC does not protect investors if the value of their investments falls. When you think about it, this makes sense. After all, market losses are a normal part of the risk of investing. Skip to content. Protecting your assets. What is FDIC insurance? We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. We maintain a firewall between our advertisers and our editorial team.
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The information on this site does not modify any insurance policy terms in any way. The stock market can be chaotic at times, causing portfolio balances to be volatile. But while you may be able to tolerate these periodic fluctuations, it would be catastrophic if your broker went under and you simply lost that money for good. The SIPC is a federally-mandated, private nonprofit organization. While that is the most basic idea in terms of what the SIPC does, there is more nuance to how it works.
This happens primarily when investors have multiple accounts of different types. The Trustee can either be a lawyer with relevant experience or it can be the SIPC itself for smaller cases.
In very small cases, the SIPC may deal with customers directly outside of court in a direct payment procedure. Some examples of separate capacities are:. These are some, but not necessarily all, of the types of securities and capacities covered by the SIPC. However, you should always check with your brokerage for further specifics or types of accounts not mentioned here.
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