SIPC
SIPP INDUSTRIES INC NEW
stock OTC

FCASH and the FDIC Insured Deposit Sweep, which you’re referring to, are completely different core positions.
FCASH is not FDIC insured. It’s covered under SIPC.

It is great to see you back on the sub today, u/Tb182kaci.
For the purposes of SIPC protection, if the accounts are in the same name, the accounts are combined, and the SIPC protection is a total of $500,000 for the combined accounts.
The safeguarding of your accounts is very important to us, and I recommend checking out the following link to learn more.
[Safeguarding Your Accounts](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts)
Enjoy your weekend!

SIPC not SPIC.

Welcome to the sub, u/Reasonable-Falcon-43! 👋 These are some great questions, so let's jump right in.
The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing. SIPC is not a governmental agency and does not cover investment losses due to market fluctuation. The SIPC will cover up to $500,000 in securities (money market funds are treated as securities), including a $250,000 limit for cash held in a brokerage account.
All Fidelity brokerage accounts are covered by SIPC. This includes money market funds held in a brokerage account since they are considered securities, for example SPAXX which is the default option for uninvested cash in a retail brokerage or retirement account. Learn more about SIPC coverage at www.sipc.org.
That being said, beyond SIPC protection, Fidelity offers its brokerage customers supplementary "excess of SIPC" coverage via Lloyd's of London. This additional coverage comes into play only after SIPC coverage limits are reached. Similar to SIPC, this excess protection does not cover losses in customer accounts due to market volatility. For instance, fraud claims would not be eligible for coverage if the brokerage firm remains operational. More information on this and specific dollar amounts can be found through the provided link. Be sure to select "SIPC Coverage."
[Safeguarding Your Accounts](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts)
The mods are happy to continue the conversation in the comments if you have any additional questions. We hope to see you around the sub again soon.

SIPC

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What he said OP. You also need to weigh in whether you want FDIC with HYSA or SIPC with brokerage in SGOV.
Personally, I prefer FDIC but both coverages are equally safe if broker is reputable like a Fidelity or Schwab.

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I have both robinhood and Schwab. Honestly it’s pretty unimportant but not sure how much money you’re coming up on but SIPC caps out at 500k so you can spread it across multiple and use some sort of aggregator. I use Schwab to track my net worth because I can connect my checking acct and robinhood holdings to it and that’s where I have my self-directed retirement money. I like robinhood for a post tax brokerage because it’s really easy to setup automatic transfers and daily buys for DCAing. I’m sure you could do that with any of the brokerages though.

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That's not SIPC. This happens every day. We lost 50k with no way to recover other than legal action which will cost more that 50k

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Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
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This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This was removed for violating rule #10: **keep posts within the scope of customer care, market news, or general investing discussion**.
The focus of this community is investing education and Fidelity customer care, including discussions about money movement, transfers, and trading. This sub is not intended to address inquiries that go beyond the scope of normal service.
Please consider if your question is one you’d ask to a Fidelity support representative. Off-topic posts may be removed.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*