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).
Related questions View all Security
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Q. Can I sell a portion of my investment?
Yes, you can sell part of an investment. However, if you are looking to sell just a portion of a specific investment, we require you to keep at least 10% and/or at least $5 of that investment at the time…
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Q. Can I use Stash for day trading?
Stash is for building a smart, diversified portfolio and helping people invest for the long term — not day-trading. We only have two trading windows per day and do not believe in intra-day day-trading unless you are a professional.
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Q. What does ETF stand for?
ETF stands for Exchange-Traded fund. Exchange-Traded means you can buy and sell ETFs on public stock exchanges like the Nasdaq or the New York Stock Exchange. In this context, a fund is a bundle of assets (usually stocks,…
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