Is stocks investment account safe , if bank goes bankruptcy or value o?

Question

Some banks offer investment account like self trading... and we holding stocks with bank...

What happens with holding stocks in investment account , if bank goes bankruptcy..

Answer 1

The government insures everyone for up to 100,000. If the amount you had invested were more than that, then you might worry. Otherwise, if you have less than that amount saved or invested, you are ok.

Answer 2

The FDIC ensures cash deposits up to $100,000 per account.

Your stock portfolio is completely safe.  All securities registered in your name are yours... the rest are insured by the SIPC.

Answer 3

If you are holding stocks in a brokerage firm, you are insured by the SIPC (Securities Investment Protection Company).  They cover up to $500,000 in net equity balance and up to $100,000 in cash.  Some brokers even offer "excess SIPC" coverage.  For example, my brokerage firm, Firstrade, offers unlimited account protection through CAPCO (Consumer Asset Protection Company).