• Steve Martin

What Happens if My Broker Goes Bust?

When the unthinkable occurs, the Securities Investor Protection Corporation steps in to help investors.

I know that the FDIC insures the funds in my bank account, but what about funds in my brokerage account? What would happen to them if my brokerage went bankrupt?

Answer: Although many people are familiar with the Federal Deposit Insurance Corporation, or FDIC, the government-established agency that insures bank deposits,

via What Happens if My Broker Goes Bust?.

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