Life Settlements | Tools for Estimating Value of Life Insurance » SIPC http://www.thelifesettlementnetwork.com Sat, 11 Jun 2011 16:48:14 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Is my brokerage safe? Are my funds? http://www.thelifesettlementnetwork.com/is-my-brokerage-safe-are-my-funds/ http://www.thelifesettlementnetwork.com/is-my-brokerage-safe-are-my-funds/#comments Fri, 03 Oct 2008 17:31:58 +0000 http://thelifesettlementnetwork.com/blog/?p=7 Are my funds safe
If you own stocks, bonds, mutual funds or ETFs – your investments could be insured by the Securities Investor Protection Corp (SIPC).  Not unlike the FDIC which insures your cash deposits in most (all) major banks, the SIPC covers your investments in participating brokerages up to $500,000 including $100,000 cash.

Keep in mind, the SIPC does not insure against market losses, but rather insures your funds in the event of a brokerage failure.  If your brokerage were to fail (as we have seen – not as unlikely as this once seemed), gather your brokerage account records, statements and trade confirmations and visit the SIPC web site (http://www.sipc.org/) for the necessary forms.

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