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SIPC

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
SIPC
(Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that worked like a home appliance. For example, it had a sealed case, used external connectors for expansion and booted in just a couple of seconds.


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The commitment already exceeds all advances made by SIPC since its creation by Congress in 1970, said SIPC president Stephen Harbeck during the conference call.
Wall Street firms, the brethren of Madoff, fund SIPC and for many years SIPC not only didn't collect the assessments from its members, but they never increased the amount of insurance simply to match the increased value of today's dollars.
If a brokerage firm fails, SIPC first tries to transfer the investors' securities to another firm.
 
 
 
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