Alpaca Securities LLC is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request via telephone at (202) 371-8300 or at

Alpaca Securities LLC has purchased an additional insurance policy through Lloyd's of London to supplement SIPC protection known as Excess SIPC Coverage.  The additional insurance becomes available to customers in the event that SIPC limits are exhausted. This additional insurance policy provides protection for securities and cash up to an aggregate of $150 million, and is limited to a combined return to any customer of $30 million in securities and $1 million in cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.