At Place Trade Financial, our clients' securities accounts are protected under SIPC up to $500,000 (with a cash sublimit of $250,000).
In addition, our clients are covered, through our clearing firm, by an excess SIPC policy with Lloyd's of London insurers for an additional $30 million per account* (with a cash sublimit of $900,000).
For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org.
Your stocks, options, warrants, debt instruments, and cash -- denominated in all currencies -- are covered by this protection. As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities.
This protection is provided by the Securities Investor Protection Corporation (SIPC) and Lloyd's of London insurers. SIPC provides the first $500,000 per customer (including up to $250,000 for cash). For customers who have received the full SIPC protection, the Lloyd's policy provides up to an additional $30 million (including $900,000 for cash), subject to an aggregate limit of $150 million.
For more information about SIPC or for a brochure please visit www.sipc.org .
*For the purpose of determining a customer account, accounts with like names and titles (e.g. John and Jane Smith and Jane and John Smith) are combined, but accounts with different titles are not (e.g. Individual/John Smith and IRA/John Smith).