Broker safety

Quote from def:

There are a number of brokerages who I personally would call safe but I can only speak for IB but I'll let IB's financials speak for itself and would encourage anyone considering IB to review our financials.

Somewhat related, have you checked out the share price of many of the bank stocks lately? Do you have any concerns about about off balance sheet items? I'm assuming the market knows something and that there is a reason many of the banks are trading well under book value. Do that research and you might remove 2 of the names off your list above that you consider so safe.

IB customer cash is held to a large extent in deposits with multiple large banks, U.S. Treasury bills, FDIC-backed corporate bonds and federally-approved AAA rated money market funds (less than 2% of customer assets) -- all subject to continual review by IB's senior management. The majority of the bank deposits are held with JP Morgan, Deutsche Bank and Bank of America, and to a lesser extent with Citibank, HSBC, Royal Bank of Canada and U.S. Bank. (Source IB)
 
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