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General Information



About SIPC


All Bonds issued by CAPCO expired in or prior to February 2009.
Only customers of Lehman Brothers Inc. and Lehman Brothers International (Europe) may be beneficiaries under the Bonds because insolvency proceedings were commenced prior to expiration of the Bonds with regard to only those firms. Coverage provided by the Bonds is described in more detail in this web site.

About SIPC

It is important to understand that protection by the Securities Investor Protection Corporation ("SIPC") is not the same as the "Excess SIPC" protection provided by CAPCO. CAPCO does not offer SIPC protection. SIPC is the sole source of SIPC protection. There is no affiliation between CAPCO and SIPC.

In 1970, Congress enacted the Securities Investor Protection Act ("SIPA") and created SIPC as a nonprofit organization to protect clients of member securities firms that may fail or be liquidated. If any securities or cash are missing from eligible client accounts, SIPC steps in to help replace those securities and cash. SIPC may provide up to $500,000 of net equity protection, including up to $100,000 for claims for cash awaiting reinvestment. SIPC does not protect against losses from the rise and fall in the market value of investments.

SIPA is "market neutral." SIPC replaces missing stocks and other securities where it is possible to do so regardless of whether the investments have increased or decreased in value. SIPA protection applies to the cash and securities (as "securities" is defined by SIPA), such as stocks and bonds, held by a customer (as "customer" is defined by SIPA) at a financially-troubled securities firm. SIPA protection extends to retail brokerage investors as well as insitutional investors.

SIPC does not compensate individuals who are sold worthless stocks and other securities or whose securities decline in value. Among the investments that are ineligible for SIPC protection are commodity futures contracts and currency, as well as investment contracts (such as limited partnerships) and fixed annuity contracts that are not registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933.

See for further information about SIPC.


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