The Securities Investor Protection Corporation insures the cash and securities held by the brokerage company from theft or loss of the security.Each investor is covered to a maximum of ____.
A) $100,000
B) $200,000
C) $500,000
D) $1,000,000

Question

Quizplus · Accepted Answer

The Securities Investor Protection Corporation (SIPC) insures the cash and securities held by the brokerage company from theft or loss of the security. Each investor is covered for up to $500,000, including a maximum of $250,000 for cash balances. Therefore, option C is the correct answer.

The Securities Investor Protection Corporation Insures the Cash and Securities