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‘My strategy may be flawed’: Will I lose out on $500,000 SIPC insurance coverage if I only have one investment account?
Here is how I manage my accounts, but my strategy may be flawed: As a retiree, I set up multiple accounts at the same firm, keeping each one under the $500,000 SIPC limit. What do you think?
American Association of Individual Investors6y
Your Brokerage Account: Protection Beyond SIPC
If a broker/dealer becomes financially troubled, there are several layers of protection for the average retail customer: The broker/dealer’s own capital or liquidation proceeds; SIPC (Securities ...
Kiplinger1y
What Is FDIC, NCUA and SIPC Insurance? How Much Does it Cover?
The Securities Investor Protection Corp. (SIPC) is an independent body that protects investments and brokerage accounts. Brokerages are required by law to keep customers’ investments separate ...