Will Congress Keep Your Investments Safe? [probably not]

[dragoncar]

Uh... good article?  What more is there to say?

[Early Cuyler]

Bump.
Seriously, not one person has a comment on this?

First, I had no idea how the net equity in a brokerage account was calculated for insurance purposes, thanks for bringing this up!

So now I have to reevaluate the brokerages I use in particular and investing with a brokerage firm in general. If brokerages offer essentially no protection in case of fraud (and possible liability, too) then  I would make sure I trust the broker I use now; I would also consider moving a chunk of my stock holdings to a mutual fund company, probably Vanguard because I believe their structure disincentivizes fraud. Aside from that, nothing much changes. I still need to do my due diligence on any firm I entrust with my money and I still need to operate under a plan that takes risks like these into account.

Just my 2¢

Ryan

[WildAboutHarry]

[quote=MangoMan]Well, I was hoping for some thoughts on how to protect yourself when this bill doesn't pass, of course following the comments on how useless our elected representatives are...[/quote]

Cash + Mattress.

Our elected representatives are worse than worthless.