When Brokers go bust ? ie Refco

Discussion in 'Trading' started by Digs, Nov 6, 2005.

  1. Digs


    If you own securities, say stocks, and you have cash in your broker account.

    Your broker goes bust, is it not only the cash that is a risk as unsecured creditor. As you own the asset ( ie stocks) that cant be taken away from you, is this correct ?