SIE: 8.6.6. Federal Deposit Insurance Corporation (FDIC)

Taken from our SIE Online Guide

8.6.6. Federal Deposit Insurance Corporation (FDIC)

As we have just learned, the entity that protects investors against their broker-dealer going out of business is SIPC. The entity that protects banking customers from a similar fate is the FDIC. The FDIC was created by the Banking Act of 1933. It provides deposit insurance for accounts in memb

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