SIPC Coverage Limitations
When a brokerage firm is a member of SIPC, its customers’ assets are protected in the event the firm goes bankrupt. If the firm fails, the customers get back all securities that are registered in their names, as well as any securities in the process of being registered to them.
After those securities are returned, the remaining customer assets are divided among customers in proportion to the size of their remaining claims. If these funds are not sufficient to satisfy the claims, SIPC will supplement