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by klochner
2744 days ago
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In an email to Barron’s the head of the SIPC cast doubt on
the idea that it would insure checking or savings accounts.
“SIPC protects cash that is deposited with a brokerage firm
for one limited purpose...the purpose of purchasing
securities,” wrote Stephen P. Harbeck, the president and CEO
of SIPC. “Cash deposited for other reasons would not be
protected.”
https://www.barrons.com/articles/robinhood-app-is-offering-a... |
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