Series 24: 2.7.9. Securities Investor Protection Act And SIPC Rules Thereunder

Taken from our Series 24 Online Guide

2.7.9. Securities Investor Protection Act and SIPC Rules Thereunder

In the late 1960s, a crisis in the securities industry led to a frightening succession of brokerage failures. The customers they served lost their investments or became mired in bankruptcy proceedings. To restore public confidence in the industry, Congress responded with the Securities Investor Protection Act of 1970 (SIPA). SIPA created the Securities Investor Protection Corporation (SIPC) in an attempt to protect investors by providing insurance for the assets contained in their securities accounts.

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I had tried another learning system before Solomon and walked into the Series 24 unprepared and subsequently failed. After using the Solomon system for three weeks, taking full advantage of the app on my cell phone I walked into my second attempt very prepared for the type of questions I was going to see. Not only did I pass, I did so with confidence. Thanks so much Solomon!

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