written by reader chris s

By cks99, November 15, 2012

in the event of a major meltdown which brokerage would you most trust….if they went belly up is there any way your invested stocks could be pilfiered and disaper with them?!

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Travis Johnson, Stock Gumshoe
November 16, 2012 1:26 pm

Before MF Global, I would have been not at all worried about any of them. Now I can see why you’d want to be extra careful after MF Global apparently intermingled and “lost” segregated client accounts.

Basic info about SIPC protection for accounts is here: http://www.sipc.org/

I use only major brokerages — Fidelity, Vanguard, Interactive Brokers, Ameritrade — and I’m not at all worried about my accounts at any of those firms.

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