Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (47355)	3/18/2013 11:05:27 AM
From: sandeep	1 Recommendation Read Replies (1) of 219532

Brokerages are not banks. If a brokerage co goes under, SIPC (not FDIC) and other laws on the books (don't play with other people's money) protect your money. However, nothing ever stops the govt from coming in and taking money away from you - from anywhere. Look at eminent domain laws and tax laws etc. For obamacare, govt argued that individual mandate was a tax and hence courts can't do anything about it.

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