An investor maintains an individual account at a broker-dealer that becomes insolvent and … — FINRA SIE (Securities Industry Essentials)

An investor maintains an individual account at a broker-dealer that becomes insolvent and enters SIPC liquidation. At the time of liquidation, the account holds $200,000 in equity securities and$ 300,000 in uninvested cash. What is the maximum total coverage amount provided to this investor by the Securities Investor Protection Corporation (SIPC)?

$450,000Cevap
B
$500,000
C
$250,000
D
$500,000 total protection with no limit on cash balances

Cevap

$450,000

SIPC covers customer claims in the event of broker-dealer liquidation up to

500,000 total per separate customer, with a strict sub-limit of

250,000 for cash. In this scenario, the

200,000 in equity securities is fully protected, and the

300,000 cash balance receives the maximum cash protection of

250,000. Adding

200,000 and

250,000 yields

450,000, which is fully paid out because it remains within the $500,000 overall limit.

Adım Adım Çözüm

Determine the covered amount for equity securities under SIPC rules.

The entire

200,000 balance of equity securities is eligible for coverage because it is below the total SIPC coverage limit of

500,000.

SIPC covers securities claims up to the overall limit per separate customer.

Determine the covered amount for uninvested cash claims.

The

300,000 cash balance is capped at the maximum cash coverage limit of

250,000.

SIPC rules strictly cap cash claim protection at $250,000 per separate customer.

Calculate total combined coverage and verify against the overall limit.

Total covered amount =

200,000 (securities) +

250,000 (cash) = $450,000.

Since

450,000 does not exceed the overall

500,000 per-customer SIPC limit, the full $450,000 is covered.

Anahtar Kavram

SIPC Coverage Limits and Cash Sub-Limits

Tahmini Süre:45s

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