GroundRules
12 CFR 380.61: Appointment of receiver and trustee for covered broker or dealer.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION
- SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY
- PART 380—ORDERLY LIQUIDATION AUTHORITY
- Subpart D—Orderly Liquidation of Covered Brokers or Dealers
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.
Collected 2026-08-27T02:24:16Z. Source file · JSON