SIPC Coverage: Protects customers of brokerage firms against the loss of securities and cash due to broker-dealer insolvency, but it does not protect against market losses.
FDIC Coverage: Protects bank deposits (checking, savings, CDs) up to $250,000 per depositor, per institution.
Incorrect Options:
A: SIPC covers both securities and cash held at brokerage firms (within limits).
C & D: Money market mutual funds are not FDIC insured, and securities are not covered by the FDIC.
References:
SIPC Overview:SIPC Coverage.
FDIC Insurance:FDIC Coverage.
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