Common use of SIPC INSURANCE Clause in Contracts

SIPC INSURANCE. LPL is a member of the Securities Investor Protection Corporation (SIPC). SIPC provides protection for the Account for up to $500,000, including $250,000 for claims for cash. The account protection applies when a SIPC member firm fails financially and is unable to meet obligations to securities customers, but it does not protect against losses from the rise and fall in the market value of investments. More information on SIPC, including obtaining a SIPC Brochure, may be obtained by calling SIPC directly at (202) 371- 8300 or by visiting xxx.xxxx.xxx.

Appears in 8 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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SIPC INSURANCE. LPL is a member of the Securities Investor Protection Corporation ("SIPC"). For assets held at LPL, SIPC provides protection for the Account for up to $500,000, including (of which up to $250,000 for claims for may be uninvested cash). The account protection applies when a SIPC member firm fails financially and is unable to meet obligations to securities customers, but it does not protect against losses from the rise and fall in the market value of investments. More information on SIPC, including obtaining a SIPC Brochure, may be obtained by calling SIPC directly at (202000) 371- 8300 000-0000 or by visiting xxx.xxxx.xxx.

Appears in 3 contracts

Samples: Brokerage Account Agreement, Brokerage Account Agreement, Brokerage Account Agreement

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