Hello,
I have a quick question caused by the current subprime fall out and banks' stresses: If you do business with a brokerage house, trading stocks and bonds, etc, and the brokerage house fail, what happen to your assets? Will you lose them, or, since those are still under your name and the house could / should not touch them, they are still safe thus available to you at full value?
Thanks a lot.
2007-09-29 14:49:35 · 4 answers · asked by hahagoodguy 2 in Business & Finance ➔ Personal Finance
your investment is with the company that the stock is in NOT the brokerage firm. in the unlikely event of the brokerage failure, youll still be ok....
2007-09-29 15:10:59 · answer #1 · answered by bebop_music 5 · 0⤊ 0⤋
Individuals own the equities ,
Charles Schwab can't do anything with my stocks .
I am the only one who can buy or sell in my account .
But ask this question to the brokerage you are interested in .
>
2007-09-29 14:56:49 · answer #2 · answered by kate 7 · 0⤊ 0⤋
Yes...your stocks are completely safe.
2015-07-27 19:09:54 · answer #3 · answered by Arushi 1 · 0⤊ 0⤋
VERY SAFE!
2007-09-29 15:09:44 · answer #4 · answered by carl l 4 · 0⤊ 0⤋