Hi - I am a small retail investor. I was wondering if I need to be worried about the risk of broker going under? Or are my shares protected from the brokerage? From my research - it appears that the money held in a brokerage is definitely at risk since FDIC suggests only "bank money upto 250k" is protected. (pls correct me if I am wrong on money at risk point too)
But I was wondering what happens to the shares.
(I am intentionally not naming the brokerage since the question is not specific to a brokerage. It could theoretically happen to any brokerage)
Submitted August 10, 2023 at 06:54AM by superloser48 https://ift.tt/kRWKfM7
