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It covers less than $500K if SIPC itself fails (after $5 billion in payouts it is insolvent).
by cma 6y ago
It covers less than $500K if SIPC itself fails (after $5 billion in payouts it is insolvent).
- dagw 6y agoTrue, it is still an open question if the government would step in in that case or not. As it stands they have no obligation to do so.