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Non-Tech : Datek Brokerage $9.95 a trade

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To: Jack Zahran who wrote (5525)10/21/1997 1:45:00 PM
From: shasta23  Read Replies (2) of 16892
 
Hi JAck!
I'm not concerned since i don't have that much...i just wanted to know what that means and if SIPC is standard industry policy.
Does it mean that i'm insured up to $100000 cash meaning that if i have 2 mio in cash i would only get $100000 and if i have 2 mio in stocks i would get $500000 for that? That's my latest understanding but i'm not sure if i'm correct...

Stefan
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