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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (19748)10/3/2002 6:59:19 AM
From: longdong_63  Read Replies (1) of 36161
 
iso...very nice! Loved it! One question though...if all your assets are at a broker and the broker fails, SIPC would cover up to 500,000 if your securities are at the broker? If your assets are at the transfer agent via electronic transfer (i.e. 1000 shares CEF), would your broker failure still be a concern since you can contact the transfer agent to prove ownership of those shares? Dunno...just asking. I own very little physical but want more.
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