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A) 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.
by berkle4455 4y ago
A) 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?