SIPC isn't unlimited, though: The Securities Investor Protection Corporation (SIPC) was created to protect against the loss of customer assets at brokerage fir

SIPC isn't unlimited, though: The Securities Investor Protection Corporation (SIPC) was created to protect against the loss of customer assets at brokerage firms. SIPC offers protection of up to $500,000, including a $250,000 limit for cash, if a brokerage firm fails, and covers most types of securities, such as stocks, bonds, and mutual funds. [0] [0] https://www.schwab.com/public/file/P-3042070/Asset_Protection_Brochure_MKT45080-09.pdf https://www.schwab.com/public/file/P-3042070/Asset_Protectio...