What is SIPC?

SIPC stand for the Securities Investor Protection Corporation. When a SIPC member brokerage firm, such as Apex Clearing Corporation, Stash’s clearing partner and custodian, fails and owes customers cash and securities, SIPC receives a referral from the U.S. Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). With this referral and if grounds exist to start a liquidation, SIPC has the ability to ask a federal court to appoint a Trustee to liquidate the firm for the protection of customers like you.