Aegis Capital Corp

Aegis Capital Corp

Wednesday, October 19, 2016

Task Force Modernizes Securities Investor Protection Act in 2010


A full service broker-dealer firm serving retail and institutional clients, Aegis Capital Corp commits to enhancing client goals through an independent, conflict-free platform. Aegis Capital Corp also maintains membership with the Securities Investor Protection Corporation (SIPC), a nonprofit entity created under the Securities Investor Protection Act (SIPA) of 1970. In June 2010, SIPC formed the Modernization Task Force to modernize and review SIPA and the policies of SIPC.

The Modernization Task Force conducted a comprehensive review of SIPA and the operations and policies of SIPC over the course of its investigation, which included a total of 14 meetings. It also established two subcommittees to handle major issues, such as discussions over possible revisions to SIPA. 

The investigation incorporated the opinions of members of the public and contributions from investor education professionals, mutual fund industry representatives, and other leading authorities. To collect suggestions from the public, the task force created an online platform and held two public forums between September 2010 and June 2011. Members of the Modernization Task Force consisted of regulatory specialists, investor advocates, and academic leaders.