Swan Noir, if the cash is for trading only futures options then it might not be eligible for SIPC coverage no matter where you park it. See...
For those studying the MFG failure, this report on the failure of MJK in 2001 makes for interesting reading. The report details the anatomy of...
Britain must love these overseas clearing arrangements. The FSA gets to regulate accounts insured by SIPC. FSCS, meanwhile, gets a pass.
Remember that the debate here is whether or not funds are covered by the SIPC just because the funds are parked in the securities account. Not...
rwk, cash may not be automatically covered just because it is carried in, or swept into, a securities sub-account. This is because cash...
They said,
So they could just say . . . from one account window. or . . . one daily statement or . . .universal account
beachhouse, how was the internalization revealed to you in this instance?
kgoodfl -- do you have a margin account? If so, which kind? But maybe IB will credit you for the difference anyway. Here's how Fidelity...
IB-AN, is this currency transaction method unique to IB?
Thank you for your reply and for addressing the forex and futures issues with respect to PM. My posts were not the result of having confused...
Thanks for your input. I'm not trying to change any rules. In general I'm simply pointing out that when customers are reassured by brokers --...
IB-AN, please confirm whether your statement above is correct with respect to IB PM accounts. For example, here's the OptionsXpress disclosure...
What type of margin account do you have? And did IB offer an explanation for the payment-in-lieu?
More from the same FINRA link already cited. Please refer to the last two lines regarding the broker-dealer's lien on all long positions....
The section that I am asking about from the FINRA link starts above with "Furthermore..." This seems to suggest a lien at the broker level.
IB-AN, Has IB published any info on whether futures contracts held within a PM account are now SIPC covered? It appears that this coverage was...
You may also wish to confirm with the SIPC that your foreign currency positions are SIPC- covered. This node from IB says that they are....
If by "secure" you mean "not pledged to someone other than yourself" and/or SIPC-protected you may wish to study the rules related to:...
I think this explanation refers to the reason why OCC keeps a lien on long option positions held in a portfolio margin account. But beyond...
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