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If the register-broker dealer goes bankrupt, your stocks and bonds are remain yours and are typicaly held in electronic format, also known as "held in street name". Additonally, SIPC insurance that all registered broker-dealers maintain protects investors upto $100,000 cash and $500,000 worth of securities - should your broker dealer commit fraud and "steal" your securities. I'd suggest consult with a securities attorney for your peace of mind. Lastly, I'd highly recommend your maintain the bulk of your holdings with a large, nationally recognized broker-dealer.

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12y ago

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