SIPC
SIPP INDUSTRIES INC NEW
stock OTC

You get pay interest depending on the particular securities you hold. The interest can be good for highly sought after positions by short sellers. There’s some inherent risk such as the lender position will not be cover by SIPC but the risk is low.

If SGOV fails, then the US failed since it's literally only treasury bonds 🤣 Plus they are ultra short terms on top of that.
But yes SIPC only covers brokerage failure

SIPC only protects you if the brokerage fails, not if the securities you pick do. SGOV could fail and you'd get nothing.

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You get pay interest depending on the particular securities you hold. The interest can be good for highly sought after positions by short sellers. There’s some inherent risk such as the lender position will not be cover by SIPC but the risk is low.

If SGOV fails, then the US failed since it's literally only treasury bonds 🤣 Plus they are ultra short terms on top of that.
But yes SIPC only covers brokerage failure

SIPC only protects you if the brokerage fails, not if the securities you pick do. SGOV could fail and you'd get nothing.

This was removed for violating rule #11: “share account milestones on weekends only”.
Thanks for sharing your milestone. However, to more quickly assist our customers during business hours, we limit these types of posts to weekends only. Examples include maxing out contributions, hitting a certain dollar threshold, or opening a new account.
Milestones that are posted for the purpose of customer care are allowed anytime.
If you share your milestone on the weekend, please provide details like how long you’ve been saving, the types of investment strategy you used, your future plans for the funds, etc. Low effort posts will 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*

This was removed for violating rule #1: **do not post personally identifiable information (PII)**.
To protect our customers, we prohibit the posting of any private or confidential information, whether it’s yours or another individual’s. This includes names, account numbers, Social Security numbers, email addresses, phone numbers, or any other information considered PII.
Reposting the contents of information shared via private messages (PMs), modmail, and private subreddit chat is also prohibited.
Please make sure any posts (especially screenshots) don’t include visible PII before posting.
*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*

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

This has been removed for violating rule #3: **no misleading or false information**.
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