Securities Investor Protection Corporation
News and overview for Securities Investor Protection Corporation
Major Milestone: Over Half a Billion Dollars Advanced by SIPC so Far to Madoff Customers [Press Release]
PRNewswire | 27 days 6 hours 19 minutes ago
...total amount of Securities Investor Protection Corporation (SIPC) advances...major milestone: Securities Investor Protection Corporation President Stephen...act creating the Securities Investor Protection Corporation (SIPC) was passed...
Terra Nova Financial Group, Inc. Announces Third Quarter Earnings [Press Release]
MarketWire | 10 days 23 hours 6 minutes ago
CHICAGO, IL -- (Marketwire) -- 11/13/09 -- Terra Nova Financial Group, Inc. (OTCBB: TNFG), a specialized financial services firm that through its subsidiaries provides brokerage services and trading technologies for professional traders, hedge funds and money managers, today announced preliminary unaudited financial performance metrics for the three and nine months ended September 30, 2009.
Attention broker-dealers and their auditors: SIPC assessment changes
CPA Letter Daily | 50 days 21 hours 19 minutes ago
...Effective April 1, 2009, the Securities Investor Protection Corporation securities business." Securities and Exchange Commission...
Back to School: Highlighting the Best Resources for Investor Education in the Classroom [Press Release]
PRNewswire | 62 days 10 hours 16 minutes ago
...Futures Association, Retirement Security Project, SIFMA Foundation for Investor Education and the Securities Investor Protection Corporation. The U.S. Securities and Exchange Commission, U.S. Commodity Futures Trading Commission...
OTC Derivatives Reform Doesn't Go Far Enough
Wall Street & Technology | 2 hours 27 minutes ago
Independent consultant calls for more competition between securities and futures clearinghouses, allowing ATSs into futures and combining the CFTC and SEC into one agency.
Edward P. May Indicted in $200 Million Ponzi Scheme [Press Release]
PRNewswire | 53 days 6 hours 46 minutes ago
...members of the National Association of Securities Dealers, Inc. (NASD) and the Securities Investor Protection Corporation (SIPC) and registered as broker-dealers with the U.S. Securities and Exchange Commission (SEC...
Investor Bill Could Crack Down On ISPs
National Journal | 25 days 9 hours 14 minutes ago
Investor Bill Could Crack Down On ISPs By Andrew Noyes Internet industry stakeholders are keeping an eye on legislation intended to provide the Securities and Exchange Commission with additional authorities to protect investors.
Congress may require ISPs to block fraud sites
CNET | 20 days 6 hours 13 minutes ago
For the last decade or so, Internet service providers have been dealing with requests to block access to pornographic or copyright-infringing Web sites, or in China, ones that dare to criticize the government.
Securities Investor Protection Corporation advances more than $534M to Madoff victims
Palm Beach Daily News (Fla.) | 26 days 7 hours 42 minutes ago
The trustee assigned to liquidate Bernard Madoff's assets and reimburse his victims said Wednesday that more than 34 million has been advanced to victims by the Securities Investor Protection Corporation. Trustee Irving Picard said he has identified .
Madoff Trustee Says Losses Now Total $21.2 Billion
CNBC | 27 days 8 hours 43 minutes ago
Madoff Trustee Says Losses Now Total $21.2 Billion Published: Wednesday, 28 Oct 2009 | 1:09 PM ET Text Size By: Scott Cohn Senior Correspondent, CNBC Scott Cohn CNBC Senior Correspondent The trustee overseeing the Madoff bankruptcy says the Securities Investor Protection Corporation has paid a record $534 million to Madoff investors, but that amount pales in comparison to the $21.2 billion he now says was stolen in the giant Ponzi scheme.
Quiz: Think You Understand Markets? Prove It
CNBC | 26 days 3 hours 36 minutes ago
Know your stocks from your bonds? Your shorts from your longs? Many investors claim to.
Madoff Victims Will Get At Least $534 Million
BusinessWeek | 27 days 1 hour 9 minutes ago
The record payout from an investor insurance fund could be bolstered if a trustee manages to claw back "fake" profits
Trustee says $530M-plus paid to Madoff victims
BusinessWeek | 27 days 8 hours 56 minutes ago
BW Extras
$530 million paid to Madoff victims
MSNBC | 27 days 7 hours 25 minutes ago
Trustee has identified $21.2 billion in losses in about 2,300 accounts
Trustee: $530M-plus paid to Madoff victims
Crain's New York Business | 27 days 7 hours 36 minutes ago
Trustee Irving Picard said in a briefing that he had identified $21.2 billion in losses in about 2,300 customer accounts, and paid out upwards of $530 million.
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Company Overview
| Company: | Securities Investor Protection Corporation |
|---|---|
| Industry: | Surety Insurance |
| Website: | http://www.sipc.org |
Securities Investor Protection Corporation (SIPC) is an industry-financed insurance plan that protects clients of most broker-dealers registered with the US Securities and Exchange Commission (SEC). SIPC insures customers' securities (up to $500,000 per account) against losses due to the financial failure of brokerage firms. Losses caused by fluctuations in market value are not protected. The not-for-profit membership corporation was mandated by the Securities Investor Protection Act and has more than 6,000 members. Its board is appointed by the US president, the treasury secretary, and the Federal Reserve Board. Assessments from members and investments in government securities provide money for the SIPC Fund.
Key Numbers
| Sales in U.S. Dollars (mil.) | 68.4 (2008) |
|---|---|
| One-year % Growth in Sales | 0.0 (2008) |
| Net Income in U.S. Dollars (mil.) | 0 () |
| One-year % Growth in Net Income | 0.0 () |
| Number of Employees | 29 (2008) |
| One-year % Growth in Number of Employees | 0.0 (2008) |
| Fiscal Year-End | December |