The ________________________ insures the portfolio of retail customers of brokerage firms for up to $500,000 if the brokerage firm becomes insolvent.

Question

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The Securities Investor Protection Corporation (SIPC) is a nonprofit corporation created by Congress to insure the portfolios of retail customers of brokerage firms for up to $500,000 if the brokerage firm becomes insolvent. The Securities and Exchange Commission (SEC) oversees the securities industry and enforces regulations to protect investors, but does not insure investments or portfolios. The Federal Trade Commission (FTC) is responsible for promoting consumer protection and preventing anticompetitive business practices. The Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and savings institutions, not investment accounts.

The ________________________ Insures the Portfolio of Retail Customers of Brokerage