Series 24: Additional SIPC Rules

Additional SIPC Rules

If a broker-dealer is not covered by SIPC, it must disclose this fact on customers’ trade confirmation statements and tell customers this if asked. Each SIPC member must prominently display an official sign in the window of its main office and any branch offices.

SIPC covers a maximum of $500,000 per “separate customer” at a broker-dealer 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 consider