I'm more concerned with the anti-business environment out government fosters. Schwab accounts are FDIC, and SPIC and also covered under Loyds of London. Your CD's are covered by the individual issuing banks FDIC insurance. Your investments in stock and funds are still invested. The only concern would be cash in excess of the FDIC amounts with schwab
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Charles Schwab’s Insurance Policy For Accounts Exceeding $500,000 | The Conservative Income Investor