Message Font: Serif | Sans-Serif
No. of Recommendations: 0
"But if worse comes to worse and BUYandHOLD tanks, we won't lose what we've got. It might be tied up for awhile. "

If a brokerage does go bust, is the onus on the customers to prove what stocks were held, or is proper accounting responsibilities still on the brokerage? What ties up the stocks/funds for so long in the case of a brokerage bust? Does the brokerage creditors get paid first before customers can get their shares back?
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.