Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Woody who wrote (77705)	11/21/2007 8:01:10 PM
From: Real Man	Read Replies (2) of 94695

I read that differently - if you have $1M sitting in cash in a brokerage account and didn't care to get extra insurance, then if your broker goes under, you get $100,000 back. If you have securities, they ensure that you get your securities back, such as stock certificates, etc. Those tend to depreciate on their own during a BK, so if you had $1M invested in securities before BK, you'll have a fraction of it after BK, but your securities are protected. -g-

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