[JumpCrisscross]

> Robinhood accounts are protected by the SIPC

This is correct. But SIPC reimbursement can take months. For non-trivial balances, one may need a lawyer to prove ownership.

After that, an accountant would likely be needed to reconcile records, including for tax purposes. (Tax forms are not automatically generated for brokerages in receivership.)

[pesfandiar]

We have a similar insurance for cash deposits in Canada. I've always imagined that for some balance (perhaps in thousands of dollars), you're better off just letting it go if the company goes down. Now that you mention taxes, I think letting go may not even be an option.