I irniger Sep 29, 2011 #1 Lots of news about the domino effect of a banking crash. Question: What happens to clients funds, stocks or futures contracts at brokers? Thanks for enlightment. Felix
Lots of news about the domino effect of a banking crash. Question: What happens to clients funds, stocks or futures contracts at brokers? Thanks for enlightment. Felix
J justrading Sep 29, 2011 #2 Re: funds, these are lodged with the FCM and as futures accounts are not insured, everything hinges on the financial standing of the FCM.
Re: funds, these are lodged with the FCM and as futures accounts are not insured, everything hinges on the financial standing of the FCM.
J justrading Sep 29, 2011 #3 Just to add, Stocks are covered by SIPC. http://www.sipc.org/index.cfm I believe there are limits to the coverage, you should clarify with your broker.
Just to add, Stocks are covered by SIPC. http://www.sipc.org/index.cfm I believe there are limits to the coverage, you should clarify with your broker.
