A pure investment bank is not a depository institution and it's also--a pure investment bank is not a broker- dealer either.

一个真正的投行不是一个储蓄机构,当然一个真正的投行也不是证券公司-,或者发行公司。

耶鲁公开课 - 金融市场课程节选

So, SIPC was set up in 1970 and SIPC insures cash accounts up to $100,000 and securities accounts up to $500,000.

证券投资者保护公司于1970年成立,其对现金账户的保护金额高达10万美元,对证券账户的保护金额高达50万

耶鲁公开课 - 金融市场课程节选

SIPC did a survey of the U.S.population and this is one of the--In 2001, this is one of the questions SIPC asked.

证券投资者保护公司做过全民调查,在2001年,证券投资者保护公司调查问卷的问题之一

耶鲁公开课 - 金融市场课程节选

This was motivated by a spectacular failure of a brokerage, Goodbody & Co., in 1970.

一家证券经纪行的倒闭改变了这一状况,古德巴迪公司,于1970年倒闭

耶鲁公开课 - 金融市场课程节选

So, he was going after himself, finding out all the companies that were backdating options, trying to beat the SEC and the regulatory authorities to the conclusion.

所以他自己一路研究下去,找出了所有用倒签期权欺诈的公司,然后试图用这个结论,与证券交易委员会和监管机构抗衡

耶鲁公开课 - 金融市场课程节选

you wouldn't go to a pure investment bank either and say I want to buy a hundred shares of Ford Motor Company, ? where is your stockbroker?

你不能去一个真正的投行然后说,我想买几百股福特汽车的股票，你的证券公司在哪里？

耶鲁公开课 - 金融市场课程节选

That means they arrange for the issuance by other institutions of securities.

这意味着他们帮助,其他的证券公司募集证券或者股票。

耶鲁公开课 - 金融市场课程节选

That is, arranging for the issuance by corporations of stocks and bonds.

也就是，帮助公司安排销售,证券和股份。

耶鲁公开课 - 金融市场课程节选

Public securities are securities that the SEC will accept as suitable for the general public and private securities are securities that have not been vetted by the SEC for the general public.

公共券商是指那些经证交会审核通过,适于面向大众经营证券买卖的证券公司,而私募券商是指那些未经,证交会审查,面向大众的证券公司

耶鲁公开课 - 金融市场课程节选

SIPC was set up by an act of Congress.

证券投资者保护公司依国会法案设立

耶鲁公开课 - 金融市场课程节选

have you ever heard of SIPC?

你们听说过证券投资者保护公司吗

耶鲁公开课 - 金融市场课程节选

An SIV is a company of a sort that invests in assets and they issue something like asset-backed commercial paper, but it's not a real company because it only exists as an organization sponsored by some bank.

IV类似从事资产投资的公司,同时也发行类似资产担保商业票据的证券,但它不是一家真正的公司,因为它只是由某家银行建立的一个组织

耶鲁公开课 - 金融市场课程节选

In other words, if you had an account at a brokerage and you thought you had a hundred shares of IBM and now the broker is going bankrupt -the broker won't answer your email anymore and he's just gone you go to SIPC and say, I had these hundred shares.

换句话说,如果你在一家经纪公司,设有账户,其中有IBM的100股股份,现在经纪行破产了,经纪行不再回复你的邮件,消失了,你告诉证券投资者保护公司,我有100股IBM的股票

耶鲁公开课 - 金融市场课程节选