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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: Stan who wrote (786)	8/25/2000 8:07:21 PM
From: LPS5	Read Replies (3) \| Respond to of 1426

The closest thing there is right now to "insurance" for traders/investors is SIPC, which really only provides protection up to $500,000 (of which up to $100,000 of which can be in cash) in the event that the custodial entity holding your funds and securities becomes insolvent. I've heard of some really unique risk management and modeling programs, but an actual insurance policy? Interesting. I don't know much about the insurance business, but I have to believe that there's a reason why this hasn't been done yet. LPS5