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Fidelity is very regulated, and large. If something happened it would be a systemic event that the government would definitely get involved. Wealthfront may b
by georgeecollins 2y ago
Fidelity is very regulated, and large. If something happened it would be a systemic event that the government would definitely get involved. Wealthfront may be fine too, I just don't know.
- aluminussoma 2y agoTo put it differently, Yotta’s customer’s misfortunes are because they are poor and not politically connected. If Fidelity fails, their customers are rich and they vote: they must be made whole. Kind of like the SVB failure. SVB customers were made whole. Systematic risk and all that.