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FDIC insures your bank savings up to $250000 (per depositor, per bank) in the event that the bank fails. SIPC is similar but it protects your investments in the event of the failure or fraud of a brokerage firm. It will not protect you against declines in the market.
Up to $500,000 for Securities SIPC protects customers against the loss of their stocks, bonds, Treasury securities, certificates of deposit, mutual funds, money market mutual funds, and certain other investments as securities, held for them by the broker.
A claim may be filed electronically, or by mailing a completed and signed claim form to the Trustee. When filing a claim electronically, or completing your written claim form for mailing, follow all instructions.
All registered brokers or dealers are SIPC members by law, with some exceptions. Address information is provided as a convenience and often reflects the members business mailing address and not necessarily the retail office or location.
SIPC members pay annual membership assessments which are used to fund SIPC and its mission. Most registered brokerage firms which conduct business with the investing public are SIPC members. SIPC member brokerage firms must state that they are SIPC members in their offices and on their webpage and advertisements.
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Although not every investor or transaction is protected by SIPC, no fewer than 99 percent of persons who are eligible get their investments back with the help of SIPC.

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