Tells me I'm glad I don't have an account there. I have wondered from time to time about the value in my account at my brokerage being safe. Of course they have lots of insurance to cover the accounts but if everything, including the insurance company that insures the account, goes belly up? I have never worried too much about it figuring as long as I owned the securities eventually the SEC would sort things out, even though the securities are really held in street name. Where I trade very seldom It would be unlikely it would put me in a bind to wait for a week or two should problems arise but for a trader with volatile positions...... could be a bad deal. John Edit: Oops. I was thinking stocks. Wrong exchange. Nothing hedged in grains right now and not enough money in the commodity account to worry about.
Edited by John Burns 11/1/2011 10:37
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