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SIPC Nightmares Sparked Major Protection Law
Hayden Stone faced collapse a year ago and merged to survive. The article explains the Securities Investor Protection Corporation SIPC created by the 1970 act to protect customers if a member broker-dealer fails. It details coverage limits 50000 per account for securities and 20000 for cash plus funding and governance.
MENTIONED IN THIS ARTICLE
Sylvia Porter
Hayden, Stone
Wall Street
Wwe
New York Stock Exchange
Hayden
Stone
Federal Deposit Insurance Corp
SIPC
The
Securities ' Investor Protection Corp
National Securities Exchange
U.S. Treasury