Billy Bob Rays wrote:
- quote -

You can search "SIPC" in this newsgroup using Google to find a relevant
thread from March of this year.

Why does an investor need SIPC insurance if their account is over $500,000
at a major Broker Dealer like JP Morgan or Merrill Lynch? I may be wrong,
but, the way I understand it, the clients assets are segregated from the
companies assets so if a firm had financial difficulty, that is with THEIR
assets, NOT client assets.


Also, is there any difference in the safety of a client's account if the
account is a margin or non-margin account if the client is not borrowing any
money against the assets?

Thanks,

Jimmy