Not sure about SIPC but the FDIC usually gets involved before the bank actually goes insolvent and helps find a plan to keep the accounts active the whole time

Not sure about SIPC but the FDIC usually gets involved before the bank actually goes insolvent and helps find a plan to keep the accounts active the whole time (eg sell to bigger bank without insolvency issues). Very rare to reach the point of people needing to file a claim. Anyways i don’t know how SIPC works but I bet it’s similar. Also if Robinhood can go under then so can lots of other neobanks so I’d be worried about money in all those accounts.