[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Discount broker goes bust?



PureBytes Links

Trading Reference Links

The old saying is that competition is good for business, but it is
Hell to compete with.  These discount brokers are in a competitive
business.

I was thinking of transferring some money to that little guy Brown.
$5 a trade sounds great.  What happens if they go bankrupt?  I know
there is insurance, so I wouldn't lose my securities or cash, but is
the account in limbo for months while justice slowly grinds?  That
could be a disaster.