mawhinney wrote:With many companies using create reporting of financial affairs such as Enron did, I was wondering about the safety of having all one's assets held by a single brokerage house or mutual fund company. Could the same thing that happened to shareholders of Enron happen to those that hold all assets with one large mutual fund company or brokerage company? To make record keeping simplier, to have access to a wide variety of possibilities, and to take advantage of the low fee structure, I am considering grouping all my holdings with one, full service large company. Now I'm concerned about the wisdom of this plan. Is it possible for a "top rated" brokerage or mutual fund company to go out of business or mishandle assets. Your thoughts, please.I would take a look at the following SEC Site to start with and thoroughly check out your prospective broker: http://www.sec.gov/investor/brokers.htmI believe that they are all insured by SPIC up to a limit and then things become a little hazy...at least to me. Good question!Best regards,Bill
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