Join Early Retirement Today
Thread Tools Search this Thread Display Modes
When a Broker goes into forced liquidation
Old 04-06-2008, 08:25 AM   #1
Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
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.

Money's just something you need in case you don't die tomorrow.
Maurice is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-06-2008, 09:04 AM   #2
Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,931
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
mathjak107 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
New Member Forced to Sell AnnMarie Hi, I am... 0 03-28-2008 09:28 AM
forced community service? stargazer08 Other topics 18 12-11-2007 07:58 PM
forced sale of inherited property lazygood4nothinbum FIRE and Money 24 07-02-2006 12:22 PM
Forced very early retirement? Whakamole FIRE and Money 7 08-26-2003 08:11 AM


All times are GMT -6. The time now is 03:43 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.