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9.6 Securities Investor Protection Corporation Reforms

<< Title IX Overview

9.6 Securities Investor Protection Corporation Reforms

 

 


9.6.       Securities Investor Protection Corporation Reforms.  The Act amends the cash protection provisions in Securities Investor Protection Act ("SIPA") to the "maximum cash advance limit," which has been increased to $250,000 and indexed to provide for an inflation review and adjustment every 5 years.  Securities Investor Protection Corporation ("SIPC") consent will generally be required before a member with at least one customer may enter into a bankruptcy, insolvency or receivership proceeding. [§929H]