I have had an account in IB for many years. However, I plan to transfer more money and will surpass the insurance limit (500 000) by a wide margin. As far as I know IB does not register share ownership in my name, but instead using "Street name registration". Put shortly, If I buy MSFT the shares are registered on IB, not me. So officially in the papers I'm not the owner of the shares. As far as I understand the shares are registered as an asset on IBs book and they maintain a liability towards me. I guess they do this because it's more convenient. What the situation is for foreign stocks I don't know (for example BASF shares bought on Xetra). Is this registered at IB or a depo in a foreign bank? I know about SIPC and also that IB has an insurance in Lloyds for up to 30 mill (?). But I'm wondering about what happens if IB goes bankrupt? If my shares are IBs asset I risk losing it all except for the SIPC (are they solvent in any case....?). Does any know if there is any way to have registered in my own name? As you can see, my faith in financial instituitions is close to nil.... Any thoughts welcome.