The ________ insures losses of funds deposited with securities firms in the event of failure of a securities firm.

Question

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SIPC (Securities Investor Protection Corporation) insures losses of funds deposited with securities firms in the event of failure of a securities firm. The SEC (Securities and Exchange Commission) is a regulatory agency responsible for overseeing the securities industry. The NASD (National Association of Securities Dealers) is a self-regulatory organization that oversees trading in equities and other financial instruments. The SIA (Securities Industry Association) is a trade association representing securities firms. The FDIC (Federal Deposit Insurance Corporation) insures deposits in banks and savings institutions.

The ________ Insures Losses of Funds Deposited with Securities Firms