Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (9068)	11/23/1997 11:44:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 18056

Hi Joan re SIPC, Not true, it provides protection when a broker is forced to liquidate. Here is a document from the SEC site that covers the very basics. What Every Investor Should Know sec.gov See the section - Protection For Your Account The problem with SIPC is that, if it is the same as the Canadian equivalent, when they run out of cash to make settlements, you will be paid off over time using fees paid by continuing brokers. In a worst case scenario, it could take years. Best idea is not to keep to much cash in your brokerage account. Put it in a T-Bill mutual fund as I have. John