Additional SIPC Rules
SIPC covers a maximum of $500,000 per “separate customer” at a brokerage or clearing firm, including up to $250,000 in cash. Total coverage can be higher for multiple accounts owned by the same person if the accounts are considered to be held by separate customers. There are five categories of separate customers defined by the SIPC. These categories include:
- • Individual accounts
- • Joint accounts
- • Accounts held by executors, administrators, and guardians/custodi
