Asset Protection
All accounts held by our clearing firm Ridge
Clearing & Outsourcing are protected through the Securities
Investor Protection Corporation (SIPC) and customers are afforded
the benefits under the Securities Investor Protection Act
of 1970. SIPC provides protection up to a $500,000 limit,
of which $100,000 may be for cash balances.
In addition our clearing firm has arranged supplemental
account protection through Customer Asset Protection Company
(CAPCO), a licensed Vermont insurer which provides "Excess
SIPC" protection of Full Net Equity of Securities and
Cash, with no limitation on aggregate firm or per customer
coverage. The additional securities and cash protection is
of the same type and nature as provided by SIPC, but at a
higher limit. |
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