Your Brokerage Account: Protection Beyond SIPC
by John Deysher
While brokerage busts have been rare in recent years, its a question worth pondering.
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The number of brokerage accounts (traditional, on-line, retirement, etc.) and the financial complexities of the brokerage business have mushroomed in recent years. Many believe our financial system has a few hand grenades rolling around on the floor without pins, and one of those grenades could be a major broker default triggered by a derivatives meltdown.
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