Monday, October 13, 2008

Why Your Mutual Fund Is Safe Even if the Management Firm Fails

Mutual funds are not covered by SIPC, but if they are held in a brokerage account they have SIPC coverage. Here's the related article.

What are SIPC levels? The SEC defines coverage limits at $500k total, to include up to $100k in cash holdings. Here's the SEC guidance.

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