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Understanding SIPC Insurance and Its Role in Safeguarding Your Investments
If you keep money in a bank, you're probably familiar with FDIC insurance. It's that guarantee that keeps your deposits safe up to $250,000 even if your bank fails. But what about the money and investments in your brokerage account? That's where SIPC insurance comes in. The Securities Investor Protection Corporation (SIPC) serves a similar protective role for investors. Yet most people have never heard of it, and even fewer understand how it actually works.
4 days ago
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