SIPC
SIPP INDUSTRIES INC NEW
stockOTC

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That’s actually an example of my exact point. That covers securities, like stocks and bonds. For crypto to be a security, you need to acquire it as part of an investment contract, like funding a business or product. Buying crypto on sites like Fidelity has no SIPC coverage. Nobody affected by the bankruptcies I mentioned were covered by SIPC.

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Yes there is.. 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*

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No .. it is SIPC and FDIC insured .. backed by SEC and US govt. This news is market manipulation.. In 2 months, no one will remember this political fiasco.

Relax, the attack on WeBull was coordinated. The company is doing well; financially. WeBull is growing globally and other firms (Robinhood) don't like the competition. Your funds are protected by the SIPC.

A brokerage account isn't FDIC insured, the cover is SIPC (up to $500k including $250k cash) and only if the firm itself fails.