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sidedraft

08/16/18 4:15 PM

#23026 RE: janice shell #23024

I got a reply from SIPC:

SIPC has no regulatory or investigatory power and has no oversight responsibilities to our members. SIPC's mission is very narrow and limited to the liquidation of member broker-dealers. We would get notification after an acquisition occurs if it changed membership information. But we do get notification of proposed or pending acquisitions.

Their last sentence triggered another query.