Which brokers are less prone to going broke?

Discussion in 'Trading' started by crgarcia, May 3, 2007.

  1. Is it true that discount brokers, -since they don't provide any investment advice, and don't invest their own money-; are much less prone to going broke, when compared to prime brokers?

    So another LTCM-like failure will not hurt them?
     
  2. the chances of a big prime broker like Goldman, Bear Stearns, Merrill, Morgan Stanley, going broke is slim to none.