That provides us SPIC coverage of $2.5 million.
“SIPC is grossly underfunded, “
SIPC only comes into play like in cases of fraud.
In an honest broker goes under, the account is transferred in whole to another broker.
But that reminds me of a crook that set up shop and misled his investors and spent eleven years in jail. He was not part of SIPC.
“how’s your Bitcoin doing?”
Better than your silver.
“and couldn’t handle just one large brokerage firm’s liabilities,”
SIPC does not cover the firm’s liabilities. It insures accounts.