View source for Securities Investor Protection Act

The '''Securities Investor Protection Act of 1970''' is the U.S. federal law that established the [[Securities Investor Protection Corporation]] (SIPC). It was enacted by the [[91st United States Congress]] and signed into law by [[Richard Nixon]] on December 30, 1970.<ref>{{uspl|91|598}}, {{usstat|84|1636}}, codified at {{usc|15|78aaa}} through {{usc|15|78lll}}</ref> Most brokers and dealers registered under the [[Securities Exchange Act of 1934]] are required to be members of the SIPC.

The SIPC maintains a fund that is intended to protect investors against the misappropriation of their funds and of most types of securities in the event of the failure of their broker.

==References==
{{Reflist}}

==External links==
* [https://www.govinfo.gov/content/pkg/COMPS-1886/uslm/COMPS-1886.xml Securities Investor Protection Act of 1970] ([https://www.govinfo.gov/content/pkg/COMPS-1886/pdf/COMPS-1886.pdf PDF]/[https://www.govinfo.gov/app/details/COMPS-1886/ details]) as amended in the [[United States Government Publishing Office|GPO]] [https://www.govinfo.gov/help/comps Statute Compilations collection]

{{Presidency of Richard Nixon}}

[[Category:1970 in American law]]
[[Category:United States federal securities legislation]]


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