Vanguard Brokerage Services is a division of Vanguard Marketing Corporation. Vanguard is a member of SIPC, which protects securities customers of its members up to $500,000 (including $100,000 for claims for cash). Explanatory brochure available upon request at
www.sipc.org.*
In addition, a private company provides for coverage of losses in your brokerage account that would exceed the SIPC limits. Neither SIPC or private coverage protects against loss in the market.
Vanguard mutual funds, including any Vanguard money market fund linked to your Vanguard brokerage account, are not covered by the SIPC.