gervasio8805 gervasio8805
  • 18-08-2020
  • Business
contestada

"The maximum coverage provided by Securities Investor Protection Corporation for securities held in a customer's account is:"

Respuesta :

sandlee09
sandlee09 sandlee09
  • 19-08-2020

Answer:

$500,000 USD

Explanation:

The Securities Investor Protection Corporation or SIPC for short, protects against the loss of cash and securities (such as stocks and bonds) up to a limit of $500,000 USD. This cash and assets must be held in a SIPC-member brokerage firm as part of a customer's account and the $500,000 is the limit for both cash and assets, with cash alone having a limit of $250,000 per account owner in the case that the brokerage falls into financial trouble.

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