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Vendot · 11-21-2011, 09:51 AM

Say etrade, schwab, ii, scottrade, etc, etc.....

When you buy from them you buy as a proxy right? They are the named party are they not and you are allocated the shares. Am I right or wrong?

My question is more about the risk involved. I dont know what happened with say MF global but I wonder if the broker goes out of business, do you still own the stocks?

11-21-2011, 09:51 AM
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Is It Safe To Buy Stocks With A Broker? Say etrade, schwab, ii, scottrade, etc, etc..... When you buy from them you buy as a proxy right? They are the named party are they not and you are allocated the shares. Am I right or wrong? My question is more about the risk involved. I dont know what happened with say MF global but I wonder if the broker goes out of business, do you still own the stocks?