Member SIPC

Our clearing firm is a member of Securities Investor Protection Corporation (SIPC). SIPC protects most securities in the majority of, but not all accounts (for instance, Broker/Dealer and accounts held by Banks for their own benefit are not covered) up to $500,000 (including up to $100,000 for cash), in the unlikely event of SIPC liquidation.
In addition, our clearing firm maintains a "Net Equity" Excess SIPC program, which provides coverage for the total amount of fully paid-for securities. This coverage does not protect your account from losses that result from fluctuations in the market value of your invesments. FDIC rules require that you be informed that neither we nor our firm is a bank and that securities offered through us are not backed or guaranteed by any bank or insured by the FDIC unless otherwise expressly indicated. Insured Income account and Certified of Deposit Balances and interest are protected up to $100,000 per beneficial owner through the depository institution's Federal deposit insurance.