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Do you have any links or reading material about what lehman clients were able to pull out?
by jonwachob91 8y ago
Do you have any links or reading material about what lehman clients were able to pull out?
- ptero 8y agoThis came after a quick search, which seems to confirm that if a client had, say, 100 shares of Amazon in a brokerage account at LB he would still have those: a brokerage must separate retail customers investments in other securities from its own money and funds. https://www.kiplinger.com/article/investing/T023-C000-S001-what-happens-to-lehman-s-customers.html https://www.kiplinger.com/article/investing/T023-C000-S001-w... However, reading more I am not as sure that individual investors holding money in LB investing in other (non-LB) securities did not suffer. I am not an expert and cannot always distinguish between reputable sources and conspiracy theorists. Can someone provide some good references?