SECURITIES INVESTOR PROTECTION ACT

Securities Investor Protection Act. A 1970 federal law establishing the Securities Investor Protection Corporation that, although not a governmental agency, is designed to protect investors whose brokers and dealers are in financial trouble. — Abbr. SIPA. 15 USCA §§ 78aaa et seq. [Cases: Securities Regulation 185.10–185.21. C.J.S. Securities Regulation §§ 308–322.]