any1 worried about their broker given the recent financial turmoil?

Discussion in 'Retail Brokers' started by acerbits, Sep 27, 2008.

  1. I don't know if I should be shaking in my boots right now or not, since so many financial institutions r failing, should we traders be worried about our brokers going bust and losing our deposits?
  2. My money's at IB and I'm not worried. All the complaining about IB is well and good and kiwiOldTrader is of course a ridiculous shill, but right now, IB customers should be thinking about the upside of the firm, which is that your money is safe.

    Having said that, of course you should be concerned.
  3. just21


    8 million share buyback at IB and 8 million shares short should help you sleep at night.
  4. I worry about my brokers and banks. My brokers seem OK. One of my banks might be in trouble, the stock price is about $ 3 / share, down from about $ 35 / share. I'm moving money to a better bank, keeping just a minimum in the troubled bank.