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A general question I hope you can help with.

In the event that my broker goes belly up is it best to have (in a very general way) :-

1. My dollars in shares. ?

or

2. My dollars in cash/money market. ?

In this unlikely event which would be the safest and most practical proposition for safety of investment dollars and quick retrieval or transfer ?

What actually happens to the shares and/or cash of investors when a broker goes bust ?

I do understand that there are government guarantees for some of the amount but it is the amount over and above I am interested in.

Thanks in advance :O)

MC:O)
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