Sipc

Discussion in 'Retail Brokers' started by Sky123987, Nov 16, 2007.

  1. Hi,

    I understand that SIPC is a type of protection for investment.

    Would you be covered in the following scenario.

    * someone was able to log into your account, and do something unethical causing you to lose your money, or does this only cover against the company going under
     
  2. They cover for broker failure, no for identity theft or hacking, there are other types of insurance for this, ask you broker if they have some..
     
  3. I don't think that's true. SIPC is to insure against "missing securities or cash" [their term]... I believe that includes "missing for any reason".