Thread: Who feels it necessary to keep their securities distributed among several brokerages?
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Old 09-13-2023, 09:51 AM
spinner1001 spinner1001 is offline
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Originally Posted by manaboutown View Post
Anyone else remember Drexel Burnham Lambert? Drexel Burnham Lambert - Wikipedia

or Salomon Brothers? Salomon Brothers: History of the Investment Bank

and as cited in the OP, Lehman Brothers. The Collapse of Lehman Brothers: A Case Study

I personally got stung by this outfit trading commodity options. Fortunately I made it back trading commodities for a brief period and got out, having learned my lesson. Goldstein, Samuelson, Inc - Wikipedia.
The first three organizations in your post were investment banks. Schwab isn’t.

The fourth organization main business was options trading. Schwab isn’t.

Schwab is regulated, operated, and financed differently from those four so account-holder risks are not comparable. Schwab is a very different kind of company than those four others.