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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Woody who wrote (77705)11/21/2007 8:01:10 PM
From: Real Man  Read Replies (2) | Respond to of 94695
 
I read that differently - if you have $1M sitting in cash in a
brokerage account and didn't care to get extra insurance, then
if your broker goes under, you get $100,000 back. If you
have securities, they ensure that you get your securities
back, such as stock certificates, etc. Those tend to
depreciate on their own during a BK, so if you had $1M invested
in securities before BK, you'll have a fraction of it after
BK, but your securities are protected. -g-


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