The membership of SIPC is composed of all brokers or dealers registered under Section 15(b) of the Securities Exchange Act of 1934 other than:
(i) persons whose principal business, in the determination of SIPC, taking into account business of affiliated entities, is conducted outside the United States and its territories and possessions;
(ii) persons whose business as a broker or dealer consists exclusively of (I) the distribution of shares of registered open end investment companies or unit investment trusts, (II) the sale of variable annuities, (III) the business of insurance, or (IV) the business of rendering investment advisory services to one or more registered investment companies or insurance company separate accounts; and
(iii) persons who are registered as a broker or dealer pursuant to 15 U.S.C. section 78o(b)(11)(A) - broker/dealer registration with respect to transactions in security futures products.
Find out more about the current Assessment Rate, Order SIPC Brochures & Signs, the SIPC Logo and Advertising Rules, and download Filing Forms. If you still have questions, check our Member FAQs, the Statute and Rules, or contact the Membership department at 202-371-8300 or firstname.lastname@example.org.