Stock Market Investors » Glossary of Stock Terms » What does SIPC Stand for?

What does SIPC Stand for?

SIPC stands for Securities Investor Protection Corporation. This entity represents a private agency that is sponsored by the US government. The major activity of the SIPC is to provide insurance against a potential failure on the part of a brokerage. Thorough this insurance your assets are protected from major losses. However, the insurance provided by the SIPC is not limitless. It is no more than $500,000 for each account you own. Additionally, you should keep in mind that the coverage of the insurance doesn't include losses from trades.

To be a successful investor you need two main things - the knowledge and the right trading platform.

For a trading platform we recommend you try Zecco and E*TRADE.
Zecco offers free stock trades, no account minimum, real time quotes, trading community, and is also insured and protected against loss by SIPC. Opening a Zecco account to benefit from $0 Stock/ETF trading is a smart idea. Free stock trades allow you to preserve more of your wealth and save money, which you can invest instead of paying brokerage commissions.
E*TRADE is ranked #1 Online Broker for third straight year by SmartMoney magazine (written by the Wall Street Journal editors and owned by Dow Jones). The ranking was based on the following categories: mutual funds & investment products, banking services, research, trading tools, and customer service. They have been in this business for 25 years, have 4.5 million accounts worldwide and $100 Billion in customer assets. Open an E*TRADE account here and get 100 commission free trades.

For knowledge we can highly recommend you subscribe to the The Wall Street Journal.

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