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US 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 s
by jdavis703 9y ago
US 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.