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,