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by berkle4455 1193 days 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

1 comments

>>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?