Series 7 - General Securities Representative Exam
Preview Mode
Which TWO of the following are TRUE of SIPC limits?
The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash, per customer at a brokerage firm, SIPC covers investment losses
A
The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash, per customer at a brokerage firm, SIPC does not cover investment losses
B
The limit of SIPC protection is $1,000,000, which includes a $500,000 limit for cash, per customer at a brokerage firm, SIPC covers investment losses
C
The limit of SIPC protection is $1,000,000, which includes a $500,000 limit for cash, per customer at a brokerage firm, SIPC does not cover investment losses
D
Explanations
SIPC does not cover investment losses