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Can any securities firm be a member of SIPC?

April 26, 2017firm securities sipc

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Can any securities firm be a member of SIPC?

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A. All SIPC members must be registered with the SEC. If a member loses its SEC registration, its SIPC membership is automatically terminated. Members of FINRA, (the Financial Industry Regulatory Authority) are required to obtain SIPC coverage. Ziegler is a member of both FINRA and SIPC.