Securities Investor Protection Corporation
| Abbreviation | SIPC |
|---|---|
| 52-0910763 | |
| Legal status | 501(c)(6) membership corporation |
| Purpose | To work to return customers' cash, stock, other securities, and other property when a brokerage firm is closed due to bankruptcy or other financial difficulties and customer assets are missing. |
| Headquarters | 1667 K Street NW, Suite 1000, Washington, D.C. 20006, United States |
| Josephine Wang | |
| Michael L. Post | |
Vice President - Finance | Charles E. Glover |
Vice President - Operations | Karen L. Saperstein |
| Revenue | $335,525,137 (2017) |
| Expenses | $67,218,040 (2017) |
| Employees | 39 (2017) |
| Website | http://www.sipc.org/ |
The Securities Investor Protection Corporation (SIPC /ˈsɪpɪk/) is a federally mandated, non-profit, member-funded, United States government corporation created under the Securities Investor Protection Act (SIPA) of 1970 that mandates membership of most US-registered broker-dealers. 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.