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Even if they collapse you shouldn't lose your portfolio. These people https://en.wikipedia.org/wiki/Depository_Trust_Company https://en.wikipedia.org/wiki/Depos
by hangonhn 5y ago
Even if they collapse you shouldn't lose your portfolio. These people https://en.wikipedia.org/wiki/Depository_Trust_Company https://en.wikipedia.org/wiki/Depository_Trust_Company keeps track of what you own.
- vageli 5y agoAren't there limits to the amount covered? Even the FDIC limits recovery amounts.
- gruez 5y agoAFAIK DTCC provides zero coverage, that's handled by SIPC and is limited to 500k
- tedunangst 5y agoEven if RH fails in some spectacular way, it'd be hard for all the customer assets to actually vanish. If you have 10000 shares of AAPL, but only 9000 shares are there, should still be good. For funsies, the open SIPC cases: https://www.sipc.org/cases-and-claims/open-cases/ https://www.sipc.org/cases-and-claims/open-cases/