12 CFR 380.61
§ 380.61 Appointment of receiver and trustee for covered broker or dealer.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 380.61, § 380.61 Appointment of receiver and trustee for covered broker or dealer, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47215
- Permanent ID
ys:prov:47215@1- SHA-256
510a1204e8e1923f140dbefb9fa6c13916cb356ffff1f913baad70f69a734214
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Full text
Upon the appointment of the Corporation as receiver for a covered broker or dealer, the Corporation shall appoint SIPC to act as trustee for the covered broker or dealer.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.