In June 2010, SIPC formed a Task Force to undertake a comprehensive review of the Securities Investor Protection Act (SIPA) and SIPC’s operations and policies, and to propose reforms to modernize SIPA and SIPC. In February 2012, the report of the SIPC Modernization Task Force was submitted to the SIPC Board of Directors.

More information about the SIPC Modernization Task Force is available at www.sipcmodernization.org.