The Dodd Frank act that passed after the 2008 allowed “Bank Bail Ins”....and most don’t realize unless you are direct registered with the company you invested in, you are NOT the owner, the brokerage firm is, you are third in line as “ Beneficiary”. If stock is bought in “ Street Name”, ( most are) you lose.
IF the brokerage firm, Fidelity, T Row, Blackrock, etc go bankrupt, as a “ Beneficiary”, you may recoup some of your “ investment” after the courts divvy up what is left.
“IF the brokerage firm, Fidelity, T Row, Blackrock, etc go bankrupt, as a “ Beneficiary”, you may recoup some of your “ investment” after the courts divvy up what is left.”
Ever heard of SPIC?
You really should warn readers about the dangers of storing gold in their mothers’ basements.
“IF the brokerage firm, Fidelity, T Row, Blackrock, etc go bankrupt, as a “ Beneficiary”, you may recoup some of your “ investment” after the courts divvy up what is left.”
Why do you promote lies? Just to find suckers?
Accounts are kept separate from the firms assets.
“IF the brokerage firm, Fidelity, T Row, Blackrock, etc go bankrupt, as a “ Beneficiary”, you may recoup some of your “ investment” after the courts divvy up what is left.”
Investor assets are held in accounts separate from the firms accounts.
Scoundrels that form their own investment firms may say that is what they will do but we all know of a legendary forecaster that didn’t and spent eleven years in jail.