Securities Investor Protection Corporation
| Abbreviation | S.I.P.C. |
|---|---|
| Formation | 1970 |
| Tax ID no. | 52-0910763 |
| Legal status | 501(c)(6) membership corporation |
| Headquarters | 1667 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) |
| Employees | 39 (2017) |
| Website | http://www.sipc.org/ |
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purpose. It should be removed.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.