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When a Broker goes into forced liquidation
Old 04-06-2008, 09:25 AM   #1
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When a Broker goes into forced liquidation

I remember when Etrade ran into some trouble a few months ago there were questions about what happens if a broker goes under, what happens if your account is over the SIPC limit, etc.


Here's an interesting piece from Willkie Farr on the subject.

http://www.willkie.com/files/tbl_s29...ted_Issues.pdf
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Old 04-06-2008, 10:04 AM   #2
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depends on the broker, fidelity covers brokerage accounts up to 5000,00 with sipc and then have over and above insurance with from what i can see no limit.

it only covers brokerage accounts, no mutual funds you own. . but thats true of sipc also
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