Securities Investor Protection Corporation (SIPC)

BAC Florida Investments is a member of the Securities Investor Protection Corporation (SIPC), an organization that protects customers of broker/dealers registered with the Securities and Exchange Commission (SEC), thereby promoting confidence in the United States securities markets.

The protection SIPC offers is against losses caused by the financial failure of the broker/dealer, but not against a change in the market value of securities in the customers’ accounts at the broker/dealer.

SIPC, although created by the Securities Protection Act, it is neither a government agency nor a regulatory authority. It is a non-profit, membership corporation funded by its member securities broker/dealers.

Additional Protection

BAC Florida Investments customers benefit from additional protection in excess of SIPC coverage by virtue of its arrangement with Pershing (a division of Donaldson, Lufkin & Jenrette Securities, Corp.).

BAC Florida Investments executes, clears, and settles its general securities transactions through Pershing (a division of Donaldson, Lufkin & Jenrette Securities, Corp.), a national leader in broker/dealer services.

Through the above mentioned arrangement, the securities of BAC Florida Investments clients are held in custody in customers accounts at Pershing (a division of Donaldson, Lufkin & Jenrette Securities, Corp.) and are insured for an unlimited amount. Of this total, the SIPC provides $500,000 in coverage, no more than $100,000 of which may be in cash. The remainder coverage, on securities only, is provided by Pershing through a commercial insurer. This account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities customers, but it does not protect against losses from the rise and fall in the market value of investments.

BAC Florida Investments
Federally Registered Broker Dealer ( SEC )
Member FINRA / SIPC