The Securities Investor Protection Corporation is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act of 1970 and mandates membership of most US-registered broker-dealers. It is not a Self-regulatory organization. "The SIPC fund, which constitutes an insurance program, is designed to protect the customers of brokers or dealers subject to the SIPA from loss in case of financial failure of the member. The fund is supported by assessments upon its members. If the fund should become inadequate, the SIPA authorizes borrowing against the U.S. Treasury. An analogy could be made to the role of the Federal Deposit Insurance Corporation in the banking industry." SIPC is required to report to, and be overseen by, the Securities and Exchange Commission. "Pursuant to SIPA, the Commission also has delegated authority to conduct inspections of SIPC, review SIPC annual reports, and approve SIPC’s bylaws, rules, and any amendments to the bylaws and rules." As the SIPC states on its website, "Though created by the Securities Investor Protection Act, SIPC is neither a government agency nor a regulatory authority. It is a nonprofit, membership corporation, funded by its member securities broker-dealers." This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 398 Audiopedia
Subscribe Now: http://www.youtube.com/subscription_center?add_user=ehowfinance Watch More: http://www.youtube.com/ehowfinance SIPC stands for Security Investors Protection Corporation. Find out what SIPC insurance actually is with help from a certified financial planner in this free video clip. Expert: Roy Larsen Contact: www.investinretirement.net/ Bio: Roy Larsen founded Larsen Wealth Management, LLC in late 2005 with a very clear vision of the kind of firm he wanted to create. Filmmaker: Wesley Morris Series Description: You always need to do a great deal of research before deciding where and how to invest your hard-earned money. Get answers to your investment questions with help from a certified financial planner in this free video series.
Views: 1802 ehowfinance
The Myth About SIPC Protection - Does SIPC Protect You From Fraud? // With all the new brokers out there currently, like Robinhood, Betterment, M1 Finance, Webull, First Trade, etc. the question arises: Is my money safe? What happens if my broker goes bankrupt or worse, commits fraud? Will I get my money back? In this video I go over SIPC Protection and what it covers and does not cover. We discover if SIPC would protect us if our broker breaks the law, commits crimes & fraud, and goes bankrupt. What protection do you have if your broker goes bankrupt? What if they are not honest and break the law and commit fraud? Are your assets protected? What is SIPC and what does SIPC protect and insure? If your broker goes bankrupt, will you get your money and securities back? Here is a link to the sipc website for further information: https://www.sipc.org/ #sipc #sipcprotection -- If your new to the community, my channel is all about investing in the stock market, specifically dividend investing with a side of growth. Join me on my journey to financial freedom. I also do experimental portfolios to see what happens and to keep it entertaining. :-) Be sure to subscribe for future updates! I put videos out every Friday. --- My High Yield CRAZY AGGRESSIVE DIVIDEND Portfolio: https://m1.finance/MZc8LKI_f My Roth IRA 100 Stock Portfolio: https://m1.finance/sNKRrL2_c My Completely RANDOM Portfolio: https://m1.finance/CJx10q8Iw If you want a solid beginner portfolio, I created this well diversified one for those getting started in investing: https://m1.finance/ytC1Ptg14 -- If you want to start your own M1 Finance portfolio and want a free $10, please consider using my link and we will both get rewarded! https://mbsy.co/pW7Jt --- If you want to start a Robinhood account, again please consider using my link and we both will get a free stock! https://share.robinhood.com/willias4242 --- Touch base with me on Twitter: https://twitter.com/BillSchultzOMC --- Check out all my Dividend Investing videos! https://www.youtube.com/watch?v=y9H1siI957U&list=PLB35pQ9dCI7ib_NIC-7gqo0D6wxN9SswO --- Learn how I do quick & easy stock analysis! https://www.youtube.com/watch?v=mytbwk5F9_s&list=PLB35pQ9dCI7hRhX0c20NQsUIE3waAsqbn --- Learn about Investing and the Stock Market: Stock Market Knowledge for Beginners https://www.youtube.com/watch?v=VhU1bXpIeIk&list=PLB35pQ9dCI7i1T0Ks0RiLzQ0W-2I7Ntlg --- Remember to subscribe for more updates and videos! https://goo.gl/2rsWXT --- Disclaimer: I'm not a financial adviser, tax adviser, or any other adviser. If you plan on investing in things mentioned in my videos, see your own adviser before making any investment. I am not responsible for any loss you may have if you take advice from my videos. -~-~~-~~~-~~-~- Please watch: "Complete Beginner's Guide To Investing 2019" https://www.youtube.com/watch?v=gLoG6S76ChE -~-~~-~~~-~~-~-
Views: 72 Bill Schultz
Victims of Wall Street fraud hold a symbolic funeral for the Securities Investor Protection Corporation on Wall Street - watch and learn why it could be the death of your retirement account. Your brokerage statements may not be the actual value of your account. If SIPC can deny claims based on Madoff fraud, it can happen to you too! NOTE: Feel free to press Pause at anytime to read through the messages. It is best to watch this in high def. Click on the wheel/gear icon under the player and change it to 720p for better viewing and reading. This can be viewed in full screen for better results.
Views: 327 tp1murray
The widow of a Florida philanthropist says she will gave back more than $7 billion that her husband stole in Madoff's Ponzi scheme. That could be good news for some investors, who lost a fortune, but several Bay Area victims of the scheme, question whether or not they'll ever see a dime. Cliff Bernie now owns the Burlingame fabrics business his father started in 1957, Norman S. Bernie Company. When his dad died five years ago, he and his brother split the investment his parents made with Bernard Madoff 25 years ago. "My father would have gone back there with a 9-iron," he said. Berkeley residents Mark Rosenberg and Elizabeth Ennis lost personal accounts worth $450,000 they had saved for retirement. They got back their $25,000 investment in an IRA they thought was worth $170,000. They're angry with the system set up to reimburse Madoff investors and they're afraid they might end up owing money they took out -- money they thought was their honest earnings. "The Securities Investment Protection Corporation is out to protect themselves. They are not protecting especially the small investors," Ennis said. Peninsula attorney Nancy Feinman has interviewed Madoff in person. "It's a tremendous settlement. Kudos to the U.S. attorneys and the bankruptcy trustee and we look forward to our cases, and getting more money for our victims,"she said. FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright.
Views: 167 tp1murray
______________________________________________________________ The Securities and Exchange Commission's, Securities Investors Protection Corporation's and their Trustee's absurd claims that investors cannot rely on their brokerage statements and trade confirmations is damaging our capital markets at a time when we should be reinforcing safety, healing from the failures of our regulatory systems and encouraging capital investment. To allow broker-dealers to avail themselves the benefits, under SIPA, for the last 40 years, of holding customer securities in Street Name and later when fraud is committed, denying claims for SIPC advances under the same law that allowed a broker-dealer to hold these securities in their own name is ludicrous. It was the illusions that the SEC was regulating, and that SIPC was insuring, at the same time allowing broker-dealers to hold customer securities in Street Name that created the Perfect Storm of fraud. _______________________________________________________________
Views: 591 tp1murray
The Securities Investor Protection Corporation is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act of 1970 and. The Financial Planner this week takes a look at how to protect yourself with respect to financial markets.
Views: 0 In Schnitzer
March 7, 2012 Financial Services Hearing The Securities Investor Protection Corporation: Past Present & Future Subcommittee on Capital Markets and Government Sponsored Enterprises Representative & Chairman Scott Garrett Representative Pete King Congresswoman Carolyn Maloney
Views: 132 tp1murray
Sen. David Vitter (R-La.) today conducted oversight over the Securities Investor Protection Corporation (SIPC) in light of the Stanford Ponzi Scheme and SIPC's failure to follow through for the victims, during today's U.S. Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment's hearing entitled "Oversight of the Securities Investor Protection Corporation."
Views: 182 Senator David Vitter
This tutorial will show you how to place a market order in ZacksTrade Pro.
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March 7, 2012 The Securities Investor Protection Corporation: Past Present & Future Subcommittee on Capital Markets and Government Sponsored Enterprises Testimony of Ron Stein President of Network for Investor Action & Protection before the Subcommittee on Capital Markets arid Government Sponsored Enterprises
Views: 639 tp1murray
Robinhood is Changing it's 3% Checking/Saving Service - Here's Why EXCERPT: Robinhood will rename and revamp its upcoming checking and banking features after encountering problems with its insurance. The company published a blog post this evening explaining “We plan to work closely with regulators as we prepare to launch our cash management program, and we’re revamping our marketing materials, including the name . . . Stay tuned for updates.” Robinhood’s new high-interest, zero-fee checking and savings feature seemed too good to be true. Users’ money wasn’t slated to fully protected. The CEO of the Securities Investor Protection Corporation, a nonprofit membership corporation that insures stock brokerages, tells TechCrunch its insurance would not apply to checking and savings accounts the way Robinhood originally claimed. “Robinhood would be buying securities for its account and sharing a portion of the proceeds with their customers, and that’s not what we cover,” says SIPC CEO Stephen Harbeck. “I’ve never seen a single document on this. I haven’t been consulted on this.” That info directly conflicts with comments from Robinhood’s comms team, which told me yesterday users would be protected because the SIPC insures brokerages and the checking/savings feature is offered via Robinhood’s brokerage that is a member of the SIPC. If Robinhood checking and savings is indeed ineligible for insurance coverage from the SIPC, and since it doesn’t qualify for FDIC protection like a standard bank, users’ funds would have been at risk. Robinhood co-CEO Baiju Bhatt told me that “Robinhood invests users’ checking and savings money into government-grade assets like U.S. treasuries and we collect yield from those assets and pay that back to customers in the form of 3 percent interest.” But Harbeck tells me that means users would effectively be loaning Robinhood their money, and the SIPC doesn’t cover loans. If a market downturn caused the values of those securities to decline and Robinhood couldn’t cover the losses, the SIPC wouldn’t necessarily help users get their money back. SOURCE: https://techcrunch.com/2018/12/14/robinhood-insurance-sipc/ ✔FREE STOCK HERE: http://share.robinhood.com/philipm72 ✔Earn Money To Be Healthy: http://sweatcoinapp.uk/i/phil180108 ✔Betterment: https://www.betterment.com/invite/philipmagliulo ✔Invest In Cryptocurrency: https://www.binance.com/?ref=27529551 Mr Modern Financials is a premier channel discussing and creating content on: Investing, Entrepreneurship, Digital Marketing, and much more! DISCLAIMER: This is not investment advice and is for entertainment or educational purposes only. I am not responsible for any profits or loses made through investing. Subscribe if you'd like to build online passive income streams, learn investing, or want to quit the 9-5 rat race ! Cheers! #robinhood #investing #finance
Views: 187 Mr Modern Financials
This tutorial will demonstrate how to customize a layout in ZacksTrade Pro.
Views: 49 Zacks Trade
Robinhood released checking and savings accounts for 3%. Should you get in or see what happens. SIPC has serous concern about the program and was not informed about it at all. ▶Join Robinhood with my referral link and you can get free stock. https://share.robinhood.com/brandoc1990 ▶ Interested in Day Trading, check out my video and Warrior Trading here https://bit.ly/2LZZpuj ▶ Follow me on Twiiter at https://twitter.com/ImpuseBuyer ▶ Check out my Blog at https://impulse-buyer.com/ ▶Amazon Link : https://amzn.to/2xW1h2N
Views: 164 ImpulseBuyer
If there is one solution to restoring customer confidence in futures that has been talked about more than any other, it would be the creation of a customer or insurance fund. Securities customers have the Securities Insurance Protection Corporation (SIPC), so why can't futures customers use SIPC as well? That?s the idea from Neal Wolkoff, Of Counsel at the law firm of Richardson Patel and longtime exchange executive, who argues that not only does it make rational sense, but using SIPC could be the easiest and most cost effective way to protect futures customers. This approach differs from others who have touted some type of insurance protection fund just for the futures industry.
Views: 62 John Lothian News (JLN)
This tutorial will demonstrate how to view an option chain and place an option order in ZacksTrade Pro.
Views: 37 Zacks Trade
This tutorial will demonstrate how to place a bracket order in ZacksTrade Pro.
Views: 123 Zacks Trade
SIPC P/L is a public shooting gallery. This means that anyone over the age of 12 is welcome to come in and shoot our tethered guns - no license required! We offer a range of real pistols in calibres up to .44 magnum, and a variety of shooting packs to satisfy every shooter, whilst our experienced range officers ensure a safe and enjoyable experience. Please note that enclosed footware and photo I.D. is mandatory. We're open 7 days a week, from 10 am to 6 pm. Group enquiries welcome, gift certificates available!
Views: 1006 Justaskalocal
"It shouldn't be such a difficult issue but it is," testified Mary Schapiro, "the newly appointed chairman of the Securities and Exchange Commission, at a Congressional Hearing. "The tragic truth is there is not enough money available to payoff all the customer claims." For 19 years SIPC charged only a token premium of $150 per year allowing their members to advertise that accounts were insured for $500,000 exposing the investing public to the risk that the SIPC fund would be inadequate to meet the demands of a large liquidation. The $150 per year fee was not even adequate to print the decals that brokers display in brokerage offices across the entire country. It was not until April Fool's Day 2009 that they increased the premium to 0.25% of net operating revenue — an amount that might have provided for protection against billions of exposure if not for the free ride that lasted for 19 years. SIPC continues to fail the investing public today by not increasing the amount of coverage from the $500,000 limit set in 1978 to today's equivalent dollars of $1.8 million. Or another way to say it is instead of charging real premiums to its members they effectively reduced the coverage by two-thirds resulting in coverage in today's dollars of only $167,000. The illusions that the SEC was regulating and SIPC was insuring while at the same time allowing brokers to hold customer securities in their own name (Street Name) created Perfect Storm of frauds.
Views: 205 tp1murray
HR 3482 - Restoring Main Street Investor Protection and Confidence Act Read the text of the Bill on my Scribd page http://www.scribd.com/doc/184308344/H-R-3482-Restoring-Main-Street-Investor-Protection-and-Confidence-Act-Garrett-Maloney Financial Services Subcommittee Brokerage Statement Fraud SIPA Securities Investor Protection Act SIPC dues $150 per year Investor Confidence SIPC Insurance MF Global Stanford McGinn Smith & Co. Fraud Financial Crisis
Views: 328 tp1murray
The story of Bernie Madoff's colossal confidence scam and how it both reflected and contributed to the 2008 economic crash. Bernard Lawrence "Bernie" Madoff (April 29, 1938) is an American fraudster and a former stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered the largest financial fraud in U.S. history. Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008. The firm was one of the top market maker businesses on Wall Street, which bypassed "specialist" firms by directly executing orders over the counter from retail brokers. He employed at the firm his brother Peter, as senior managing director and chief compliance officer; Peter's daughter Shana Madoff, as the firm's rules and compliance officer and attorney; and his sons Andrew and Mark. Peter has since been sentenced to 10 years in prison and Mark committed suicide by hanging exactly two years after his father's arrest. Andrew died of lymphoma on September 3, 2014. On December 10, 2008, Madoff's sons told authorities that their father had confessed to them that the asset management unit of his firm was a massive Ponzi scheme, and quoted him as describing it as "one big lie". The following day, FBI agents arrested Madoff and charged him with one count of securities fraud. The U.S. Securities and Exchange Commission (SEC) had previously conducted multiple investigations into Madoff's business practices, but had not uncovered the massive fraud. On March 12, 2009, Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme. The Madoff investment scandal defrauded thousands of investors of billions of dollars. Madoff said he began the Ponzi scheme in the early 1990s. However, federal investigators believe the fraud began as early as the mid-1980s and may have begun as far back as the 1970s. Those charged with recovering the missing money believe the investment operation may never have been legitimate. The amount missing from client accounts, including fabricated gains, was almost $65 billion. The Securities Investor Protection Corporation (SIPC) trustee estimated actual losses to investors of $18 billion. On June 29, 2009, Madoff was sentenced to 150 years in prison, the maximum allowed. Hey there, thanks for tuning into this video. I hope you have enjoyed it. For more please feel free to comment below on what you would like us to upload in the future. Don't forget to like, comment and share! Enjoy Cheers! Paypal: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=7C8ZTAKLNNE78 BTC: 1AQ6KcwzxsyYTwN9orMybvgpSsSwqCiRDG Gaming Channel: https://goo.gl/q6M23X Website: http://www.spectemuragendo.weebly.com
Views: 283931 JMC RSA