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Frequently Asked Questions
  Is my firm required to become a member of the Securities Investor Protection Corporation ("SIPC") and, if so, what is the annual fee?
Identification Number 1611

Yes. Pursuant to SIPC Act of 1970 Section 78ccc (a)(2), all registered broker dealers must become members of the Securities Investor Protection Corporation (“SIPC”). Beginning April 1, 2009, all PHLX DEA Member Firms are required to file SIPC-6 and SIPC-7T Forms and the corresponding payment, which is .0025 of the Member Firm’s net operating revenue as computed on both SIPC-6 and SIPC-7T Forms. SIPC-6 Form and assessment payment is due no later than 30 days after the end of the first six months of the fiscal year; SIPC-7T Form and assessment payment is due no later than 60 days after the end of the fiscal year, or after membership termination. The SIPC Forms and assessments should be forwarded to the main office of SIPC in Washington, D.C. For more details, please refer to www.sipc.org.Yes. Pursuant to SIPC Act of 1970 Section 78ccc (a)(2), all registered broker dealers must become members of the Securities Investor Protection Corporation ("SIPC"). Beginning April 1, 2009, all PHLX DEA Member Firms are required to file SIPC-6 and SIPC-7T Forms and the corresponding payment, which is .0025 of the Member Firm's net operating revenue as computed on both SIPC-6 and SIPC-7T Forms. SIPC-6 Form and assessment payment is due no later than 30 days after the end of the first six months of the fiscal year; SIPC-7T Form and assessment payment is due no later than 60 days after the end of the fiscal year, or after membership termination. The SIPC Forms and assessments should be forwarded to the main office of SIPC in Washington, D.C. For more details, please refer to www.sipc.org.

Publication Date*: 8/22/2019 Mailto Link Identification Number: 1611
material_search_footer*The Publication Date reflects the date of first inclusion in the Reference Library, which was launched on July 31, 2012, or a subsequent update to the material. Material may have been previously available on a different Nasdaq web site.
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