What is SIPC?
DriveWealth LLC is a member of the Securities Investor Protection Corporation (“SIPC”). SIPC currently protects the securities in your Brokerage account up to $500,000. The SIPC does not protect against the market risks associated with investing.
SIPC is a non-profit membership corporation and an important part of the overall system of investor protection in the United States. SIPC's focus is on restoring customer assets left in the hands of bankrupt or otherwise financially troubled brokerage firms. SIPC oversees the liquidation of member firms that close when the firm is bankrupt or in financial trouble, and customer assets are missing. In a liquidation under the Securities Investor Protection Act, SIPC and the court-appointed Trustee work to return customers’ assets as quickly as possible.