Securities Investor Protection: Update on Matters Related to the Securities Investor Protection Corporation

摘要

Disclosure has an important role in securities market regulation, and the Securities Investor Protection Corporation (SIPC) has a responsibility to inform investors of actions they can take to protect their investments and help ensure that investors are afforded the full protections allowable under the Securities Investor Protection Act of 1970 (SIPA). In our 2001 report, we concluded that many investors were unaware of the steps they should take to protect their investments. We found that SIPC and the Securities and Exchange Commission (SEC), which play vital roles in investor education, had missed opportunities to disclose information on SIPC's policies, practices, and coverage to investors. Our report contained 10 recommendations to SEC and SIPC about ways to improve the information available to the public about SIPC and SEC's oversight of SIPC.