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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: fedhead who wrote (150085)2/7/2002 11:58:57 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
Aniindo, >>Does a SIPC protected brokerage money market count.

Generally no, your money market accounts are not FDIC insured and if you read the SIPC insurance guidelines, it only covers you if there is fraud and abuse in managing your assets at the brokerage house. SIPC insurance in my opinion is PR and that is about all it is worth.

Joan
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