NASAA, SIPC Offer Answers to Investors Concerned About the Safety of Their Brokerage Accounts
WASHINGTON, D.C. – March 25, 2008 – In the wake of recent turbulence in the financial markets, the North American Securities Administrators Association (NASAA) today joined with the Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, to remind investors of the important and effective safeguards already in place to protect their brokerage account assets… (more)
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Liquidation Proceedings for New Orleans Area Brokerage Firm Undertaken by SIPC
WASHINGTON, D.C. – March 5, 2008 – The Securities Investor Protection Corporation (SIPC) announced today that it is liquidating Hanover Investment Securities, Inc., of Madisonville, Louisiana, under the terms of the Securities Investor Protection Act. The liquidation of the New Orleans area broker-dealer is the first such proceeding to be initiated by SIPC in 14 months… (more)
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SIPC and Korea Deposit Insurance Corporation to Cooperate in Cross-Border Brokerage Insolvency, Liquidation Cases
WASHINGTON, D.C. – October 29, 2007 – The Securities Investor Protection Corporation (SIPC) and the Korea Deposit Insurance Corporation (KDIC) have entered into a memorandum of understanding (MOU) covering cross-border cases involving brokerage firm insolvencies and liquidations in which the customers are protected by SIPC and/or KDIC… (more)
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