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Which of the Following Is True of the Securities Investor

Question 17

Multiple Choice

Which of the following is true of the Securities Investor Protection Corporation (SIPC) ?


A) It protects investors from losses up to $750,000 due to the financial failure of a brokerage firm.
B) It has the monitoring and bailout functions that the Federal Deposit Insurance Corporation (FDIC) has in banking.
C) It does not use trustees in any of its functions.
D) It supervises the liquidation of brokerage firms that are in financial trouble.

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