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Sunny Day · 11-22-2011, 08:40 AM

In the US, if a brokerage firm fails, the govt. steps in. The first recover all stocks & bonds owned by the customers. If there are still missing assets, each customer is insured to $500,000 ($100,000 cash max).
Used to be per account, not sure if that still holds up, so if you have more than that, may want to spread out between brokerage companies.

11-22-2011, 08:40 AM
Sunny Day Confirmed User Industry Role: Join Date: Dec 2010 Posts: 1,406	SPIC Insurance In the US, if a brokerage firm fails, the govt. steps in. The first recover all stocks & bonds owned by the customers. If there are still missing assets, each customer is insured to $500,000 ($100,000 cash max). Used to be per account, not sure if that still holds up, so if you have more than that, may want to spread out between brokerage companies.