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We are pleased to announce that we now provide the highest level of excess account protection. Your securities are held in custody by Pershing LLC, a subsidiary of The Bank of New York, and are protected up to the total amount held in the account. As members of the Securities Investor Protection Corporation (SIPC), securities in your account are protected up to $500,000 including $100,000 for claims for cash. For details, please see sipc.org. The remaining coverage, on securities only, is provided by Pershing LLC through CAPCO, a commercial insurance company with an A+ financial strength rating from Standard & Poor’s.
The account protection applies when a SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments. |
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