You are covered through the SIPC for losses you incur due to the inept advice you receive from a brokerage firm.

Name: You are covered through the SIPC for losses you incur due to the inept advice you receive from a brokerage firm.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

The SIPC (Securities Investor Protection Corporation) covers losses due to the failure of a brokerage firm, not losses arising from inept advice. It provides protection for up to $500,000 for securities and cash held in brokerage accounts.

You Are Covered Through the SIPC for Losses You Incur