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Economic Commentary

A Critical Look at SIPC

Throughout most of its U.S. history, operation of the securities market has been directed by private associations with very little government regulation or interference.

This situation changed after the Crash of 1929, when an estimated $50 billion stock market loss triggered the Great Depression and ended the government's hands-off attitude.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Fons, Jerome. 1987. “A Critical Look at SIPC.” Federal Reserve Bank of Cleveland, Economic Commentary 7/15/1987.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International