By having SIPC ultimately responsible for their obligations, this will keep confidence in our institutions. SIPC will also learn a quick lesson with regards to being adequately funded. If they need to assess brokers then the brokers will do a better job at self policing their colleagues. They will actually look down upon wrongdoers in their industry rather than simply look the other way. It is win-win-win with not the taxpayer, but SIPC funding their liability.
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