Mr.Whiner bought 1,000 shares of Sure-Fire,Inc.,common stock 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 SIPC saying that he wanted to file a claim for his investment losses.Is this loss covered by SIPC? What losses are covered?

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The Answer of Mr.Whiner bought 1,000 shares of Sure-Fire,Inc.,common stock 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 SIPC saying that he wanted to file a claim for his investment losses.Is this loss covered by SIPC? What losses are covered?

MrWhiner Bought 1,000 Shares of Sure-Fire,Inc