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Author: MirKatze Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 922  
Subject: Re: Good Stock Date: 8/25/2001 11:44 PM
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How substantial a company is FinancialCafe.com. What happens to your stock if they fold or are you recommending you get the certificates?

From their website:

"One Financial Network, LLC is a member of the Securities Investor Protection Corporation (SIPC). Customer accounts maintained with One Financial Network LLC and its clearing firm, Penson Financial Services, Inc., are protected up to $25 million. This includes SIPC coverage of up to $500,000 (cash claims are limited to $100,000) and up to $24.5 million in additional account protection through AIG Inc."

This is fairly typical, right? I was not recommending certificates. I think this is an appropriate brokerage for a young investor without a lot of funds. I opened a UTMA account there for my son and have been pleased with the service and the low price for market trades ($2.99).

But, as always, caveat emptor!

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