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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: stan_hughes who wrote (183765)7/26/2002 12:31:02 PM
From: LLCF  Read Replies (3) of 436258
 
It sort of appears SIPC may cover MM funds, but then there is this:

<A very important distinction between SIPC (and any other type of protection for investments) and FDIC insurance on deposit accounts is: NO type of protection for investments insures against loss in the value of an account (the value of your investments can go up--or DOWN--depending on the demand for them in the market)>

I know a lot of MM funds get 'priced' at $1.... I was under the impression that they can legally go down and value and bag you... ie. they're money market MUTUAL FUNDS.

DAK
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