SIE Exam Practice Question 253
Question: 253
The maximum coverage offered per separate customer under SIPC insurance was set by Congress at:
Correct Answer: B
Explanation:
B: SIPC was never intended to guarantee customers against investment loss. It's an insurance program providing ½ million dollars of account insurance in the event a customer's brokerage firm goes bankrupt, with the maximum CASH coverage the same as bank FDIC coverage: $250K.
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