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Securities Investor Protection Corporation - SIPC - SIPC is an insurance that provides brokerage customers up to $500,000 coverage for cash and securities held by the firm (although coverage of cash is limited to $100,000).
The Federal Deposit Insurance Corporation - FDIC - The FDIC, created in 1933 in response to the bank runs during the Great Depression, insures deposits in member banks and thrifts for up to $100,000, and provides coverage for retirement accounts up to $250,000. It also supervises and conducts examinations of banks and thrifts.
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