Securities Investor Protection Corporation (SIPC)
Financial ServicesDistrict of Columbia, United States11-50 Employees
The Securities Investor Protection Corporation (SIPC) is a non-profit membership corporation established under the Securities Investor Protection Act to oversee protections for customers of member broker-dealers. It operates in the financial services industry and is based in Washington, DC (1667 K Street NW, Washington, DC, United States). SIPC's core role is to oversee the liquidation of member broker-dealers that close due to bankruptcy or financial trouble with missing customer assets, working with a court-appointed Trustee to return customers' securities and cash as promptly as possible. Within statutory limits, SIPC protects customers up to $500,000 for securities and cash, including a $250,000 limit for cash only. The organization has 11-50 employees and maintains the website sipc.org. In February 2022, Claudia Slacik was named Chair of the SIPC Board of Directors.