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

To: Jon Matz who wrote (12100)	12/22/1997 6:52:00 AM
From: William H Huebl	Respond to of 94695

Jon, I have no idea what protection you have against the various risks of using a broker... Try the TA for Beginners... there are some savy people over there who might know. Bill

To: Jon Matz who wrote (12100)	12/22/1997 11:59:00 AM
From: CatLady	Respond to of 94695

Brokerage accounts are generally insured by SIPC, I think 1/2 mil. is standard. Many, but not all, provide additional insurance. Here's the blurb from Datek's FAQ (frequently asked questions): "Are you SIPC insured? Yes. All accounts are insured by the Securities Investor Protection Corporation (SIPC) for up to $500,000 for total account value with up to $100,000 insurance for cash. SIPC insurance protects brokerage accounts just as FDIC insurance protects bank accounts. An additional $2,000,000 of securities insurance is provided by Lloyd's of London." You may want to use AltaVista, or your favorote search site, to do a Web search on SIPC. You should be able to find the complete and offical scoop. CL