3 ms·
You can keep them in perpetuity. UBS is only holding those shares for you under your own name (a key distinction from having a structure where the shares are a
by hkmurakami 9y ago
You can keep them in perpetuity.
UBS is only holding those shares for you under your own name (a key distinction from having a structure where the shares are actually owned by UBS and you legally own a part of UBS' contract with you).
In the worst case you can ACATS transfer your position to another brokerage (I did this with stock resulting from exercised options). I imagine there are federal laws regarding protecting your equity holdings (cash is more at risk than equity in this regard since they lend it away I think?)
- jdavis703 9y agoUS banks are protected via FDIC insurance. In a similar manner your stocks are protected by SIPC insurance. They don't insure you against loss in value to the stocks. But if the firm winds up going bankrupt and somehow looses your stock, the CEO absconds with the money, they get hacked, etc, then you'll be protected up to $500,000.