Youtor
What happens if your brokerage goes bankrupt Robinhood Webull Fidelity
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=anxQwD9hGWQ
What happens if your brokerage goes bankrupt? If Robinhood or fidelity or Charles Schwab go out of business are your stocks safe? • The quick answer is yes. There are regulations out there that protect your first $500,000 of investments with a brokerage. There may be a few smaller brokerages that do not have SIPC coverage, but every major one has it. This is one way that stocks have more protection when compared to cryptocurrency. • SUBSCRIBE FOR DAILY VIDEOS • NOT FINANCIAL ADVICE • 0:00 Intro • 0:10 Crypto brokerage voyager bankrupt • 0:29 Are your stocks safe if your brokerage goes bankrupt • 0:58 SIPC protection • 2:23 Roth IRA and Traditional IRA Separate • 2:40 Multiple of the same type of account • 2:58 What SIPC does not cover • 3:29 Money is kept aside from the brokerages' investments • 4:11 FDIC bank protection • 5:00 FDIC does not cover safety deposit boxes • 5:13 Stocks have more regulation than crypto • 5:42 Joke of the day
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