With SIPC, each customer at a brokerage firm has insurance on his securities of
A) $50,000
B) $100,000
C) $500,000
D) $1,000,000

Question

Quizplus · Accepted Answer

SIPC (Securities Investor Protection Corporation) provides insurance to customers of failed brokerage firms. Currently, the coverage limit is $500,000 per customer for each separate account held at a brokerage firm. This includes up to $250,000 for cash and cash equivalents held in the account. Therefore, choice C is the correct answer.

With SIPC, Each Customer at a Brokerage Firm Has Insurance