Summary
WASHINGTON, June 17 /PRNewswire-USNewswire/ -- The Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund mandated by Congress to protect the customers of insolvent brokerage firms, today launched a new Web site, http:// www.SIPCModernization.org, and also announced the formation of a 13- member SIPC Modernization Task Force.
The twin efforts are part of a full-scale review of the operations of SIPC, which has not been the focus of major new legislation in 30 years. The state-of-the-art SIPCModernization.org Web site will be used to gather input from the public through online comments, live interactive forums and national Webcast. Beginning with its initial gathering today in Washington, D.C., the SIPC Modernization Task Force will meet in person and via the Internet to review and discuss the mission and operations of the Securities Investor Protection Corporation.See the full content of this document
Extract
Www.Sipcmodernization.Org Launched to Gather Public Input, Task Force to Undertake Review of Sipc
SIPC Board Chairman Orlan Johnson said: "SIPC embraces the challenges and opportunities represented by vigorous scrutiny of this sort and welcomes any feedback that will help us do an even better job for American investors. The last significant amendments to the Securities Investor Protection Act (SIPA) ...
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