Mr. Rondeau bought 1,000 shares of Sure-Fire, Inc. common at $85 and sold three months later at $73. He lost $12,000 plus commissions on this ill-fated stock purchase. He then contacted the CIPF saying that he wanted to file a claim for his investment losses. Is this loss covered by CIPF? What losses are covered?

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The Answer of Mr. Rondeau bought 1,000 shares of Sure-Fire, Inc. common at $85 and sold three months later at $73. He lost $12,000 plus commissions on this ill-fated stock purchase. He then contacted the CIPF saying that he wanted to file a claim for his investment losses. Is this loss covered by CIPF? What losses are covered?

Mr Rondeau Bought 1,000 Shares of Sure-Fire, Inc