Who is the oldest independent brokerage firm in the US?
As long as the money in your account is tied up in securites are you not at risk of losing your money if the brokerage firm goes under?
Your money in securities will be lost only if the organizations or firms of which you hold securities go bust. Let us say you hold 1000 shares of Google Inc through XYZ brokerage firm. As long as google is stable and in business, irrespective of the XYZ firms status, your securities are safe. XYZ is just a custodian and can only hold on to your securities for safe keeping. They cannot use or pledge or…
Harvard was the first college in the US. It was built in Cambridge, Massachusetts in 1636, before the US had become an independent nation. Harvard University is composed of Harvard College and ten other separate academic units. It would be equally correct to say that Harvard College or Harvard University is the oldest college.