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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (88275)	1/11/2001 12:57:13 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

The SIPC "insurance" has not been tested. A month or so ago a New York Times article documented that in the few claims that have been made, more money was spent in an attempt to deny the claims than to pay the customers. I consider it perfectly worthless. My broker's practices seem so cautious, however, that I hope that I can depend on them to maintain enough capital to cover all obligations. I could be wrong about this.

To: marginmike who wrote (88275)	1/11/2001 2:52:30 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

mm, You can have as many accounts insured at the same broker for as many different tax i.d. numbers that you have. For example, you can have an account under your SSN. Your kids can have a custodial account under their SSNs. Your wife can have an account under her SSN. Your co. can have an account under its tax i.d. But your IRA will be in the same insurance bundle as your regular account. The limits are $500,000 per i.d. per broker on securities.