Business / Taxes / Securities Investor Protection Corporation (SIPC): The Securities Investor Protection Corporation (SIPC) is a nonprofit corporation created by Congress to insure investors against losses caused by the failure of a brokerage firm. Through SIPC, assets in your brokerage account are insured up to $500,000, including up to $100,000 in cash, but only against losses that result from the brokerage firm going bankrupt, not against market losses caused by trading decisions or other causes. All brokers and dealers must register with the Securities and Exchange Commission (SEC) are required to be SIPC members though they can lose their affiliation under certain circumstances. Clients of nonmember firms are not insured.
Protection Adjective Synonyms: defense, screen, shield, barrier, guard, safeguard, immunity, bulwark, buffer, shelter, refuge, haven, sanctuary, security, safe keeping, safety, preservation
Protection Verb Synonyms: extortion, blackmail, protection money
Business / Human Resources (HR) / Older Workers Benefit Protection Act (OWBPA) Of 1990: OWBPA amended the ADEA prohibiting all employers from age discrimination in employee benefits programs by either providing equal benefits for older and younger workers or by spending an equal amount o MORE
Business / Finance / Options Clearing Corporation (OCC): Applies to derivative products. Financial institution that is the actual issuer and guarantor of all listed option contracts. MORE