Who are FINRA and SIPC?
FINRA stands for The Financial Industry Regulatory Authority. They are the largest regulator for all securities firms doing business in the United States. FINRA is involved in almost every aspect of the securities business. This includes everything from educating industry participants and the public to writing rules and enforcing those rules along with the federal securities laws. For more information please go to www.finra.org. SIPC stands for Securities Investor Protection Corporation and is insurance for brokerage firms. SIPC account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments. SIPC provides account protection up to a maximum of $500,000 per customer, of which $100,000 may be in cash. For more information please go to www.sipc.org. Additionally, through Lloyds of London, LPL Financial accounts have securities p
