DAYTRADING Fundamentals Message Board

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To: Allan C. who wrote (12269)	3/10/2001 5:52:13 PM
From: LPS5	Read Replies (4) of 18137

why does SIPC insure 500k for securities and only 100k for cash? seems odd The SIPC is the Securities Investors Protection Corporation. I believe that the basic reason for the $100K cap on cash claims with SIPC is a matter of quasi-territoriality with the FDIC; also, it server to encourage investors to use banks for their cash deposits, broker-dealers for trading/investments, and not to wargame the two organizations against one another. but how long would it take to get your money back? I have been in the business during several large broker-dealer and clearing firm failures. The two that come to mind right off the bat both occured in the mid-nineties. In both cases, customers who had funds on deposit with them have still not had dollar one of their lost deposits returned. LPS5

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