A customer has an account holding $310,000 of securities and $290,000 of cash. If the broker-dealer were to fail, which statement is TRUE regarding the status of the account in an SIPC liquidation?
A. The customer will become a general creditor for $40,000 owed
B. The customer will become a general creditor for $100,000 owed
C. SIPC will provide coverage for $310,000 of securities only
D. SIPC will provide coverage for $250,000 of cash only