Common use of SIPC and Other Insurance Coverage Clause in Contracts

SIPC and Other Insurance Coverage. I understand that Axos Clearing is a member of the Securities Investor Protection Corporation (SIPC), which provides protection for accounts up to $500,000 (including $250,000 for claims of cash) per client as defined by SIPC rules. An explanatory brochure is available upon request or at xxx.xxxx.xxx or via telephone at (000) 000-0000. I understand that Axos Clearing has acquired an additional $99.5 million coverage through a third party insurance company. This brings the total protection to $100 million with a limitation of $1.15 million on claims for cash balances for each client (as defined by SIPC rules). I understand that such coverage does not include transactions or trading losses or declines in the value of securities.

SIPC and Other Insurance Coverage. I understand that Axos Clearing is a member of the Securities Investor Protection Corporation (SIPC), which provides protection for accounts up to $500,000 (including $250,000 for claims of cash) per client as defined by SIPC rules. An explanatory brochure is available upon request or at xxx.xxxx.xxx or via telephone at (000) 000-0000. I understand that Axos Clearing has acquired an additional $99.5 24.5 million coverage through a third party insurance company. This brings the total protection to $100 25 million with a limitation of $1.15 1 million on claims for cash balances for each client (as defined by SIPC rules). I understand that such coverage does not include transactions or trading losses or declines in the value of securities.