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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: YxY who wrote (9918)4/10/2002 4:48:23 PM
From: OX  Read Replies (2) of 12617
 
that's a complicated question, and depends on if ur broker is self-clearing, how your cash is held (mmkt sweep vs actual cash). SIPC insurance is better than nothing, but it doesn't guarantee that you'll see 1:1 return on cash. securities is another matter that is more easily discernable.... of course, it depends on why the broker went under and if there's any fraud involved.
i'm no expert tho.
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