[gadders]

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]

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]

>>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?