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Non-Tech : Meet Gene, a NASDAQ Market Maker
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To: LPS5 who wrote (787)9/5/2000 4:49:02 PM
From: Wayners  Read Replies (2) of 1426
 
Does SIPC cover the insolvency of a firm with whom I have just traded with, but the trade has not yet settled, provided that the other firm has SIPC and the size of the trade is less than the thresholds you just stated? That's something I worry about. I don't need another party reneging on a trade due to insolvency, either by the firm itself or by a client.
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