SIE Exam Practice Question 275
Question: 275
SIPC is an insurance organization designed to protect investors against loss:
Correct Answer: C
Explanation:
C: Securities Investor Protection Act of 1970 created an insurance entity called the Securities Investor Protection Corporation. Its purpose is to provide protection to customers of bankrupt brokerage firms in the event the customers' cash and or securities have not been found during the bankruptcy proceedings. It is not investment insurance. Once you are finished, click the button below. Any items you have not completed will be marked incorrect.
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