What is the track record for SIPC? How often does it bring cases?
The SIPC has earned an impressive track record. Since its founding in 1970, the SIPC has returned 99% of eligible customer claims. The SIPC has engaged in 330 proceedings, which is less than 1% of the 40,000 broker-dealers that have been SIPC members over its history. One-third of these proceedings fell between 1971 and 1974. This spike in cases resulted from difficult years in the late 1960s when hundreds of broker-dealers were merged, acquired, or forced out of business.