Series 7: 18.2.5.1 Organization And Purpose Of SIPC

Taken from our Series 7 Top-off Online Guide

18.2.5.1  Organization and Purpose of SIPC

The Securities Investor Protection Corporation is not a government agency but a membership-owned, nonprofit corporation. Most SEC-registered broker-dealers are required to be SIPC members. Exempt broker-dealers include firms that exclusively sell mutual funds, variable annuities, or insurance products, or that exclusively provide investment advice to registered inve

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