All Questions
Tagged with bankruptcy broker
4
questions
3
votes
1
answer
192
views
Is it a good idea to spread investments over multiple stockbrokers?
In the UK, I believe stock brokers are required to use nominee accounts to hold shares on behalf of individual investors, so that if the stock broker were to collapse the investments themselves are ...
- 131
1
vote
2
answers
290
views
What happens if a Financial Services Company/Stockbroker goes into administration in the UK?
In the UK the Financial Services Compensation Scheme backed by government protects savings in standard bank accounts up to £85,000 per bank. What effects might there be if a financial services ...
- 523
6
votes
1
answer
225
views
If a brokerage commits fraud (by not separating customer funds), is there any SIPC protection?
Recent news on MF Global suggests the possibility that the brokerage firm did not segregate customer accounts.
Suppose I have an account at MF Global and suppose they have failed to segregate my ...
- 297
10
votes
3
answers
657
views
Stability of a Broker: What if your broker goes bankrupt? Could you lose equity in your account?
What exactly happens if a broker runs out of funds? Could you actually lose equity in your account? If so, what should you be examining when looking at the financial report of your broker?
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