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Archive of entries posted on 14th November 2011

What if your brokerage company goes belly up and your account is locked?

If your bank goes belly up, your deposits are protected (to $250,000) and you will get your money back within two to three weeks — time for paperwork. If your brokerage company goes belly up, you are theoretically protected to $50 million. BUT who knows when you’ll get your money back — if ever. MF […]