SIPC is the Securities Investor Protection Corporation. It is a nonprofit corporation that protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm

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SIPC

Is a nonprofit corporation created by an act of Congress to protect the clients of brokerage firms that are forced into bankruptcy

Applies only to options contracts

Applies only to municipal bonds

Applies only to convertible bonds