Overview
What is Securities Investor Protection Corporation?
The Securities Investor Protection Corporation (SIPC) is a non-profit membership organization, established under the Securities Investor Protection Act (SIPA). SIPC plays a crucial role in overseeing the liquidation process for bankrupt or financially distressed member broker-dealers. In such cases, when customer assets are at risk, SIPC steps in to protect investors and manage the redistribution of their assets.
Official website here: www.sipc.org
Is Securities Investor Protection Corporation legitimate?
Securities Investor Protection Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Securities Investor Protection Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $4,400,253
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,780,399
For more financial information, click here
Official website here: www.sipc.org
What is the mission statement of Securities Investor Protection Corporation?
The Securities Investor Protection Corporation (SIPC) is a non-profit organization established under the Securities Investor Protection Act. Its primary mission is to oversee the liquidation of member broker-dealers when they encounter financial difficulties or go bankrupt. This process ensures the protection of customers' assets that may be missing in such situations. SIPC plays a crucial role in safeguarding investor interests by managing the distribution of funds to customers following the liquidation of a broker-dealer.
Official website here: www.sipc.org
Who is the CEO of Securities Investor Protection Corporation?
Josephine Wang is the Director of Securities Investor Protection Corporation. The CEO's salary of Securities Investor Protection Corporation is $1,063,691 and their total compensation is $361,734.
Official website here: www.sipc.org
What is the revenue of Securities Investor Protection Corporation?
Securities Investor Protection Corporation's revenue in 2022 was $463,655,966.
Official website here: www.sipc.org
Who are the executives of Securities Investor Protection Corporation and what are their salaries?
The average compensation at Securities Investor Protection Corporation during 2022 was $286,683. There are 39 employees at Securities Investor Protection Corporation.
Here are 19 key members and their salaries (Securities Investor Protection Corporation's CEO's salary is $1,063,691 and their total compensation is $361,734):
- Kenneth J Caputo (General Counsel & Sec'Y (Thru 06/22))
- Karen L Saperstein (Vice President - Operations)
- Abraham L Wons (Director-Risk Management)
- Josephine Wang (President & Ceo)
- Michael L Post (General Counsel & Sec'Y (Beg 09/22))
- Timothy W Timanus (Asst. Vice Pres. - Operations)
- Christopher H Larosa (Sr. Assoc. Gc - Litigation)
- William S Jasien (Director)
- Claudia Slacik (Chair Of Board (Beg 02/22)) [Trustee/Director]
- Gregory S Karawan (Director (Thru 12/22))
- Anthony D'Agostino (Director (Thru 05/22))
- Glen Fukushima (Vice Chair Of Board (Beg 04/22)) [Trustee/Director]
- William Brodsky (Director (Beg 05/22))
- Alan J Patricof (Director (Beg 12/22))
- Daniel M Covitz (Director)
- W Moses Kim (Director)
- Hemant Sharma (Deputy General Counsel)
- Kevin H Bell (Sr. Assoc. Gc - Dispute Res)
- Charles E Glover (Vice President - Finance)
Official website here: www.sipc.org
Where can I find the form 990 for Securities Investor Protection Corporation?
The Securities Investor Protection Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.sipc.org
Learn more at the official website: www.sipc.org
Mission Statement of Securities Investor Protection Corporation
The Securities Investor Protection Corporation (SIPC) is a non-profit organization established under the Securities Investor Protection Act (SIPA). In simpler terms, SIPC acts as a safety net for protecting investors in the event their broker-dealer goes bankrupt or faces financial instability, and their assets become inaccessible. When a member broker-dealer encounters such financial distress, SIPC steps in to oversee the liquidation process and return customers' missing assets. This crucial mission ensures that investors' securities are safeguarded and their financial losses are minimized during unforeseen broker-dealer insolvencies.
Impact
This information is meant to be a general summary of Securities Investor Protection Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Securities Investor Protection Corporation (SIPC) plays a crucial role in safeguarding the investments and assets of individuals who engage in the securities markets. It provides protection to investors by stepping in to oversee the liquidation of member broker-dealers that face financial difficulties or bankruptcy, ensuring that customer assets are returned to their rightful owners, even if the broker-dealer is unable to fulfill its obligations. This helps instill confidence in the financial system and provides a safety net for investors in case of unforeseen circumstances.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER ASSESSMENTS
Revenue
$382,258,690
INTR/US GOV SECURITIES
Revenue
$81,397,276
Organization Details
Founding Year
1970
Phone
(202) 371-8300
Principal Officer
Josephine Wang
Main Address
1667 K ST NW 1000, WASHINGTON, DC, 200061620
Website
www.sipc.org
NTEE Category
Code: W60 - Public benefit
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