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The point I was trying to make, though, is that TD Ameritrade or Vanguard aren't any more immune to going bankrupt than a bank is.
by gadders 4y ago
The point I was trying to make, though, is that TD Ameritrade or Vanguard aren't any more immune to going bankrupt than a bank is.
- berkle4455 4y agoA) A brokerage isn’t a bank B) It wouldn’t matter anyway you still own the shares of stocks or the bonds. They don’t magically disappear if the entity fails. C) Additionally there’s SIPC
- gadders 4y ago>>B) It wouldn’t matter anyway you still own the shares of stocks or the bonds. They don’t magically disappear if the entity fails. They don't disappear, but how can you get them in a hurry if your custodian fails?