New Brunswick Business Daily

What is the legal position of brokerage accounts in case of creditor protection ?

Brokerage accounts represent the monies invested by you into specific assets like stocks or mutual funds. These funds are held on your behalf, by the Brokerage companies like e-Trade Securities, and Ameritrade etc.. Do holders of such accounts need to be fearful in case of bankruptcy protection or Chapter 11

Public Comments

1. I think you're asking whether or not you're going to lose your brokerage assets if the brokerage house goes bankrupt? go to www.sipc.org - your account is insured up to I believe $100,000 in cash by the federal government but your going to have to do your own research to verify.