Series 7 - General Securities Representative Exam

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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

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