SIPC
SIPP INDUSTRIES INC NEW
stock OTC

Thanks for your post. We ask that all investment strategy discussion be kept within the monthly discussion post pinned at the top of the sub.
This post/comment has been removed for violating rule #2. - In regard to securities and investments

Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments to our monthly discussion post.
We are not able to assist with these types of questions on reddit but have a variety of tools and resources to help our clients invest their funds and find an investment that fits their objectives and risk tolerance. To learn more about investing check out the "Getting started with investing" page on our learning center [here](https://www.fidelity.com/learning-center/overview).

To find research and tools to help you, click on the "News & Research" on fidelity.com on the menu bar. This will expand a sub menu where you will be able to learn about and research mutual funds, stocks, ETFs, fixed income, and more. You can also go to "Investment Products" on the menu bar to learn more about the types of accounts that we offer. [Click here to visit Fidelity.com](https://www.fidelity.com)

Fidelity Brokerage Services LLC, Member NYSE, SIPC

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Fidelity Brokerage Services LLC, Member NYSE, SIPC

I think you’re focusing on the wrong layer of risk.
If someone actually gets access to your brokerage account, the problem isn’t whether the asset is a stock, ETF, or mutual fund. The problem is that they control the account. At that point they can usually do things like change contact details, initiate transfers, or place trades regardless of the instrument.
Also, the “sell at a terrible price to themselves” scenario doesn’t really work the way people imagine. Public markets don’t match orders directly between two specific retail accounts. Your order goes into the market order book and matches against the best available counterparty. You can’t just route it to your own account.
The real protections tend to be things like:
* two-factor authentication
* brokerage fraud monitoring
* withdrawal holds when bank details change
* SIPC coverage if a brokerage fails
Mutual funds settling later doesn’t really change the security model.
The bigger practical risk I see in real life is not hackers doing sophisticated market manipulation. It’s people getting phished and approving withdrawals or transfers themselves.

AI
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Fidelity Brokerage Services LLC, Member NYSE, SIPC

Insolvency itself doesn’t affect funds. Unlike a bank, a brokerage just holds your assets; they’re there no matter how the company is doing. SIPC steps in to make sure those assets are liquidated or transferred in an orderly fashion even if the brokerage is going down in flames. It also pursues bad actors like Bernie Madoff to recover whatever is possible, which in his Ponzi case has been $15 billion, well beyond $500,000 per customer.

Note also: SIPC (Securities Investor Protection Corporation) protects investors if a brokerage firm fails and customer securities are missing. It covers up to $500k per customer, including $250k for cash. (It does not protect against market losses, only against the loss of assets due to brokerage insolvency.)

Why am I all of sudden getting calls and texts from Fidelity?
The messages are brief not really saying what its all about.
thursday...
>Hi xxxxxx, it's Ivan from Fidelity Investments Wall Street office. The name came across my desk. I noticed a few things I'd like to discuss with you regarding the accounts you have with us. Please give me a call at 212-422-8268, extension number 81,480. Look forward to hearing from you. Have a great day.
friday...
>Hi xxxxx, this is Valentina calling from Fidelity Investments located in Wall Street. I was calling in regards to your account. If you can please give me a call back when you can 212-422-8268 extension 53723. Again, my name is Valentina. Direct phone number 212-422-8268 extension 53723. I'm looking forward to hearing back from you and I wish you a great day.
monday...
>Hi it’s Norman Ho from Fidelity. Reply “YES” to chat via text, “GETINFO” for details or “STOP” at any time to opt-out. Fidelity Brokerage Services LLC, Member NYSE, SIPC.

Hey there, u/jbher315. Thanks for reaching out to us this afternoon, and welcome to the sub! I can certainly touch on some aspects of setting this up with Fidelity.
First up, let's talk the comparison at hand. Should you use an HYSA or a money market for housing your emergency fund? Ultimately, that's your decision. However, we have the perfect article that discusses the ins and outs of both choices. I'll link it below.
[Money Market Fund vs Savings](https://www.fidelity.com/learning-center/investment-products/money-market-vs-savings-account)
Next order of business, secondary money markets. As it seems like you're aware, not every money market is eligible to be a core position quite like the Fidelity Government Money Market Fund (SPAXX) and others. You can still hold these as secondary positions though. Since you mentioned wanting additional choices here, I'll make sure to pass that input along as feedback.
Will these secondary positions auto-liquidate for purchases? Fidelity will attempt to cover debit balances using funds in your core balance first. If the core balance is depleted, the system will then use any eligible secondary money market fund to cover the transaction. In these cases, the money market fund will automatically be liquidated.
Additionally, can you set up money markets to be invested on a recurring basis? You sure can with our Recurring Investments feature. Since there are many ways to set up a Recurring Investment based on your situation, I'll let you check out the handy link below for a deeper dive. You can ping us if you have any logistical questions.
[Recurring Investments ](https://www.fidelity.com/trading/recurring-investments)
Let's close things out with a discussion on money market safety. All Fidelity brokerage accounts are protected by the Securities Investor Protection Corporation (SIPC). This nonprofit organization protects your stocks, bonds, and other securities if a brokerage firm faces bankruptcy and assets are unaccounted for. SIPC offers coverage of up to $500,000 in securities, which includes a $250,000 limit for cash in your brokerage account. Money market mutual funds would be considered securities.
I'd highly suggest taking a look at the link below, which has a deeper breakdown of the different coverage types.
[Safeguarding your Accounts ](https://www.fidelity.com/why-fidelity/safeguarding-your-account)
With all of that said, I'll leave it to the community to offer their thoughts. That doesn't mean we aren't right around the corner if you have any remaining questions on this. Enjoy your Monday out there!

Howdy, u/saltandteapls. Welcome to the sub! You're certainly in the right place for a question like this, so let’s get to it.
In short, this depends on your 401(k) and how it's set up. You mentioned that your 401(k) is a Roth 401(k). If so, you can typically roll over directly into a Roth IRA without tax consequences as long as all of your contributions are Roth contributions.
If there are any pre-tax contributions in your 401(k) at all, rolling the entire account into a Roth IRA could have tax consequences, as this would be considered a Roth conversion. I won't dive too deep into Roth conversions right now, but if you'd like to learn more, I recommend checking out the link below.
[Roth Conversions](https://www.fidelity.com/viewpoints/wealth-management/insights/roth-ira-conversion)
Back to the rollover itself, if you did have both Roth and pre-tax funds in the 401(k), you could open a Roth IRA for the Roth funds and a Rollover IRA for the pre-tax funds, that way there generally are no tax implications. You can learn more about the rollover process using the link below.
[How to roll over an old 401(k) to an IRA](https://www.fidelity.com/retirement-ira/401k-rollover-ira-steps)
As for protection for IRAs, they are covered under the Securities Investor Protection Corporation (SIPC). SIPC is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing. The link below will offer more insight on how your accounts are protected at Fidelity.
[Safeguarding your Accounts ](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts)
Should you have specific questions on the rollover process, give us a shout! We're around to help. Have a great rest of your Monday.

No, FDIC, but money market accounts like FDRXX do fall under SIPC insurance.

VMFXX is covered by SIPC for $500k.

This post/comment was removed for violating rule #9 - Posts that go outside the scope of customer service.

The focus of this subreddit is for customer service questions about Fidelity products and services, money movement, transfers, and trading. This subreddit is not intended to address complex inquiries that go beyond the scope of normal service. Examples include legal or regulatory topics and questions asking about industry practices. We ask that you give thought if your question is something you would ask to a Fidelity support representative.

Fidelity Brokerage Services LLC, Member NYSE, SIPC

This post/comment was removed for violating rule #9 - Posts that go outside the scope of customer service.

The focus of this subreddit is for customer service questions about Fidelity products and services, money movement, transfers, and trading. This subreddit is not intended to address complex inquiries that go beyond the scope of normal service. Examples include legal or regulatory topics and questions asking about industry practices. We ask that you give thought if your question is something you would ask to a Fidelity support representative.

Fidelity Brokerage Services LLC, Member NYSE, SIPC

Thanks for your post. We ask that all investment strategy discussion be kept within the monthly discussion post pinned at the top of the sub.
This post/comment has been removed for violating rule #2. - In regard to securities and investments

Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments to our monthly discussion post.
We are not able to assist with these types of questions on reddit but have a variety of tools and resources to help our clients invest their funds and find an investment that fits their objectives and risk tolerance. To learn more about investing check out the "Getting started with investing" page on our learning center [here](https://www.fidelity.com/learning-center/overview).

To find research and tools to help you, click on the "News & Research" on fidelity.com on the menu bar. This will expand a sub menu where you will be able to learn about and research mutual funds, stocks, ETFs, fixed income, and more. You can also go to "Investment Products" on the menu bar to learn more about the types of accounts that we offer. [Click here to visit Fidelity.com](https://www.fidelity.com)

Fidelity Brokerage Services LLC, Member NYSE, SIPC