C.F.R. » Title 12 » 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

12 C.F.R. § 380.61

Appointment of receiver and trustee for covered broker or dealer

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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.