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Originally Posted by Bill-n-Brillo
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Thanks, Bill, that website had a lot of good information. After I posted, I called my broker and he suggested that I go to their website. There I found that they have additional insurance coverage "up to an aggregate of $600 million", limited to 150 million per customer.
It sounds good but how would I know if $600 million is enough to cover ALL of the securities and cash of all of their customers? Although, I think it could be enough because it's a relatively small brokerage firm with about 3 offices. There's one in New York City, one in California and one in Florida.
On the plus side, I have been doing business with them for over 20 years, so I know it's not a fly-by-night brokerage firm.
