WTF is SIPC? The Closest Thing You'll Get To Investing Insurance

[Money Rehab with Nicole Lapin]

You’ve probably heard some brokerages say they're "member SIPC." Have you ever wondered what it means to be member SIPC? It's definitely not a cool Soho House-esque club that you’re missing out on. But, it is a club that you definitely want your brokerage to be in. Nicole explains with SIPC insurance is, how it's different from FDIC insurance, and why you want to make sure your brokerage has it.

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