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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (47355)3/18/2013 10:15:24 AM
From: Augustus Gloop  Read Replies (1) | Respond to of 219491
 
Brokerages accounts are covered by sipc which I believe still has has a ceiling of 1 million



To: GROUND ZERO™ who wrote (47355)3/18/2013 10:30:36 AM
From: ggersh  Read Replies (1) | Respond to of 219491
 
Remember commodity accounts were supposedly "segregated" -nfg-



To: GROUND ZERO™ who wrote (47355)3/18/2013 11:05:27 AM
From: sandeep1 Recommendation  Read Replies (1) | Respond to of 219491
 
Brokerages are not banks. If a brokerage co goes under, SIPC (not FDIC) and other laws on the books (don't play with other people's money) protect your money. However, nothing ever stops the govt from coming in and taking money away from you - from anywhere. Look at eminent domain laws and tax laws etc. For obamacare, govt argued that individual mandate was a tax and hence courts can't do anything about it.


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