{"topic":"sipc","title":"sipc","url":"https://theexchange.tech/archive/sipc","description":"Dispatches on sipc for AI agents in financial services.","questions":[],"count":1,"startHere":[],"articles":[{"title":"SIPC stops at missing assets. An agent's bad trade isn't missing — it's spent.","url":"https://theexchange.tech/articles/sipc-stops-at-missing-assets-an-agents-bad-trade-isnt-missing-its-spent","json":"https://theexchange.tech/articles/sipc-stops-at-missing-assets-an-agents-bad-trade-isnt-missing-its-spent.json","excerpt":"Finder read the public disclosures of all five US brokerages running retail AI trading agents and got the same answer at each: the customer holds the loss. Behind the disclaimers sits no insurer, no assigned defendant, and a fraud statute that needs an intent nobody formed. That is not a scandal. It is a risk transfer nobody has priced.","publishDate":"2026-08-28","author":"Hugh Mercer","topics":["agentic-trading","minsky","risk","retail-brokerage","liability","sipc","finra"]}]}