What is SIPC?
SIPC stand for the Securities Investor Protection Corporation.
If an SIPC member brokerage firm, such as Apex Clearing Corporation (Stash’s clearing partner and custodian), were to fail and owe its customers cash and securities, the SIPC receives a referral from the U.S. Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).
Once the referral is granted and there are grounds to start a liquidation, the SIPC can ask a federal court to appoint a Trustee to liquidate the firm to protect customers (including you).
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