SpencerWinston.com >EXCESS SIPC
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EXCESS SECURITIES INVESTOR PROTECTION CORP INSURANCE COVERAGE Spencer Winston Securities Corp. is a member of SIPC, which protects securities of customers of its members up to $500,000 (including $250,000 for claims of cash). Both SIPC and the additional coverage (provided through our clearing firm) provides protection in the event of a member firm failure and do not insure against market decline. See www.sipc.org for more information. Our clearing firm has purchased an additional insurance policy through a group of underwriters (with Lloyd's of London syndicates as lead underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $100 million (as of September 1, 2015, the aggregate limit will increase from $100 million to $150 million). This is provided to pay amounts in addition to those returned in SIPC liquidation. Similar to SIPC protection, this additional insurance does not protect against a loss in market value of securities.
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