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Yes, your stocks/shares should be fine (I’m unwilling to guarantee anything for anyone), unless they were a total fraud like Bernie Madoff that didn’t actually
by Scoundreller 4y ago
Yes, your stocks/shares should be fine (I’m unwilling to guarantee anything for anyone), unless they were a total fraud like Bernie Madoff that didn’t actually invest your money as they said.
The cash in your brokerage account would be covered by sipc, not fdic.
Sipc does have its limits for what it guarantees, I guess anything over that would be based on recoveries in the event of a default:
https://www.firstrepublic.com/insights-education/sipc-vs-fdic-insurance-protection-differences https://www.firstrepublic.com/insights-education/sipc-vs-fdi...