Securities Investor Protection Corporation

Securities Investor Protection Corporation
AbbreviationS.I.P.C.
Formation1970
Tax ID no.52-0910763
Legal status501(c)(6) membership corporation
Headquarters1667 K Street NW, Suite 1000, Washington, D.C. 20006, United States
Michael L. Post
Marsha C. Massey
Vice President - Operations
Karen L. Saperstein
Revenue$335,525,137 (2017)
Expenses$67,218,040 (2017)
Employees39 (2017)
Websitehttp://www.sipc.org/
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The Securities Investor Protection Corporation (SIPC) is a non-profit, member-funded, United States government corporation created under the Securities Investor Protection Act (SIPA) of 1970 that most US-registered broker-dealers are required to join. Although created by federal legislation and overseen by the Securities and Exchange Commission, the SIPC is neither a government agency nor a regulator of broker-dealers. The purpose of the SIPC is to expedite the recovery and return of missing customer cash and assets during the liquidation of a failed investment firm.