Which of the following was established by the Securities Investor Protection Act of 1970?
A) the Securities and Exchange Commission (SEC)
B) the Securities Investor Protection Corporation (SIPC)
C) the Federal Deposit Insurance Corporation (FDIC)
D) the Federal Savings and Loan Insurance Corporation (FSLIC)

Question

Quizplus · Accepted Answer

The Securities Investor Protection Act of 1970 established the Securities Investor Protection Corporation (SIPC) to protect investors in the event that a brokerage firm fails. SIPC provides insurance coverage for up to $500,000 in securities and cash for each customer account in the event of broker-dealer insolvency. Choices A, C, and D are incorrect as they refer to other regulatory bodies and insurance corporations.

Which of the Following Was Established by the Securities Investor