The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  MF Global and SIPC Date:  12/17/2011  1:50 PM
Author:  pauleckler Number:  69859 of 92028

MF Global's bankruptcy filing and now funds missing from numerous commodities traders accounts raises the issue of insurance coverage under SIPC, the federal agency that insures brokerage accounts.

In answer to the question, are the MF Global accounts insured under SIPC, apparently some of them are. A website has been established to keep claimants up to date and advise how to file a claim--

The site includes the following--

"Advances from the Securities Investor Protection Corp. (SIPC) reserve fund are available to satisfy the remaining claims of each customer up to a maximum of $500,000. This figure includes a maximum of $100,000 on claims for cash."
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us