As part of the Banking Act of 1933, the objective of creating the FDIC was to provide confidence that bank deposits were ...

The FDIC — which is funded by premiums paid by ... The Securities Investor Protection Corp. (SIPC) is an independent body that protects investments and brokerage accounts. It protects up to ...

FDIC insurance doesn't cover investments held in an IRA or products like money market mutual funds. Instead, investments are protected by the Securities Investor Protection Corporation (SIPC).