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Stocks B / Berkshire Hathaway


Subject:  Re: Poll: BRK shares, registered in own name Date:  4/20/2021  12:22 AM
Author:  JeanDavid Number:  261942 of 266445

SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm.

True as far as it goes. At one time I had an account at a financially-troubled SIPC-member brokerage firm, and the account was much less than $500,000. I forget the details, but it took around a year to get the shares the firm was holding for me in street name (in those days). Fortunately I was not a day trader and was not interested in selling them, or I would have been screwed.
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