Question

you have just recently started your investment activities for retirement. you were happy to learn from your broker that your investor's account balance would be insured for up to $500,000 through the in the event their brokerage firm goes bankrupt.

Answer 1

Whether a person holds an account with a brokerage firm that is a member of SIPC or not, they are protected.

Anyone with a computer, an Internet connection, and a reasonable amount of money can now invest thanks to online brokerage companies. These companies set up accounts for their clients and purchase and sell investment goods like stocks, bonds, ETFs, futures, mutual funds, and certificates of deposit (CDs) for their clients. Such an account may hold a sizable amount of the liquid assets of active investors who desire to develop their money, such as cash and securities. Although there aren't many examples of brokerage firms imploding throughout history, it does happen.

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