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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: nmsaggie who wrote (9919)4/10/2002 4:05:34 PM
From: YxY  Read Replies (1) | Respond to of 12617
 
I agree with this but if money is hold by the clearing firm then no Insurance coverage need to be triggered. I'm curious to know when this insurance come in play and then how long you could remain unable to use that money to trade. this is in itself is an issue for a trader.



To: nmsaggie who wrote (9919)4/10/2002 4:15:26 PM
From: LPS5  Respond to of 12617
 
Standard SIPC coverage is for $500,000, no more than $100,000 of which can be cash. Some firms arrange for supplemental coverage.

LP.


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