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Is your brokerage account insured if your broker fails or goes bankrupt?
Wiki User
∙ 16y ago
Not really insured, but you still own whatever stocks, bonds, or mutual funds you are invested in. I believe that custody of the certificate would pass on to another firm. It would be like if your insurance agent went broke, you would still have coverage from the parent company and your policy would be transfered to another agency.
Wiki User
∙ 16y ago
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