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What is SIPC, and how does it protect my investments?

April 26, 2017investments protect sipc

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What is SIPC, and how does it protect my investments?

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Through SIPC (Securities Investor Protection Corporation), your account at Investors Capital Corporation will be protected up to $500,000 per customer, of which $250,000 may be cash claims. This protects your account if a SIPC firm fails financially and is unable to meet its obligations; however, it does not protect against market value losses. To obtain more specific information, please visit www.sipc.org.