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
Pricing
Basic
Part of the questions for each course

 Course
 Questions

 SIE
 20 of 150

 Series 6
 30 of 500

 Series 7
 50 of 625