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To: Joan Osland Graffius who wrote (9068)	11/23/1997 11:44:00 AM
From: John Hunt	Read Replies (2) of 18056

Hi Joan re SIPC, Not true, it provides protection when a broker is forced to liquidate. Here is a document from the SEC site that covers the very basics. What Every Investor Should Know sec.gov See the section - Protection For Your Account The problem with SIPC is that, if it is the same as the Canadian equivalent, when they run out of cash to make settlements, you will be paid off over time using fees paid by continuing brokers. In a worst case scenario, it could take years. Best idea is not to keep to much cash in your brokerage account. Put it in a T-Bill mutual fund as I have. John

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