Financial Links/URLs

FDIC: Federal Deposit Insurance Corporation : Federal deposit insurance protects the first $100000 of deposits that are payable in the United States.

Securities Investor Protection Corporation : What is SIPC? How Can We Help You? To learn more about what the Securities Investor Protection Corporation does—and does not do. The statute that created SIPC provides that customers of a failed brokerage firm receive all non-negotiable securities that are already registered in their names or in the process of being registered. All other so-called "street name" securities are distributed on a pro rata basis. At the same time, funds from the SIPC reserve are available to satisfy the remaining claims of each customer up to a maximum of $500,000. This figure includes a maximum of $100,000 on claims for cash. Recovered funds are used to pay investors whose claims exceed SIPC's protection limit of $500,000. SIPC often draws down its reserve to aid investors.