As an agent, which of the following statements about the Securities Investor Protection Corporation (SIPC) can you legitimately make to your client?
A) The SIPC is the FDIC of the stock and bond markets."
B) "The SIPC was established to restore funds to investors when the brokerage firm they have been using is bankrupt or in financial distress."
C) "The SIPC is a government agency created by an Act of Congress to combat fraud."
D) "The SIPC is a government agency that was created by an Act of Congress to protect investors against losses in the stock and bond market."
Correct Answer:
Verified
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