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The SPIC is private and therefore, I assume, is not as secure as the FDIC?
neo
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Vitaly Larichev
Sent: Saturday, November 18, 2000 2:31 AM
To: Metastock List
Subject: How to Survive a Bankrupt Broker ...
On the subject for U.S., see
http://www.invest-faq.com/articles/regul-sipc.html
and
http://www.sipc.org/faq/
Cheers, Vitaly
Recently posted:
>I called Fidelity and your money in stocks or stocks funds is insured to
>$500,000 but cash only to $100,000. It is only as good as the insurance
>company which are notorious for not paying. In this climate even your cash
>is not safe there. I was reading where MF inflows dropped from the normal
>16 billion a month to 1.5 billion last month and that it is going into CDs
>at banks.
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