SIPC
SIPP INDUSTRIES INC NEW
stock OTC

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*

Like others have said, Fidelity has excess coverage above SIPC limits. But I split my account across multiple brokerages, just for more piece of mind (and to compartmentalize my different kinds of investments)
For example, Fidelity is my “main” brokerage that I buy individual stocks in. But I also have a Merrill Edge account where I just buy and hold ETFs (Bank of America has a program that gives me better credit card cashback for having money in Merrill)

1. The scenario you are describing has nothing to do with FDIC or SIPC coverage.

2. Fidelity has a Fidelity Customer Protection Guarantee: "Fidelity will reimburse you for losses from unauthorized activity in your Covered Accounts occurring through no fault of your own." You should read it and understand it carefully, including the limitations.
[https://www.fidelity.com/security/customer-protection-guarantee](https://www.fidelity.com/security/customer-protection-guarantee)

https://www.fidelity.com/learning-center/smart-money/sipc
>If your securities and cash exceed the standard amount of SIPC coverage, you can check if your brokerage firm offers excess SIPC coverage. This can extend your coverage past the baseline $500,000. For instance, **Fidelity provides its brokerage customers excess of SIPC coverage with no per-customer dollar limit on securities. There’s a per customer limit of $1.9 million on coverage of cash awaiting investment. Total aggregate excess of SIPC coverage available through Fidelity's excess of SIPC policy is $1 billion.**

Fidelity has coverage far and above the standard SIPC limits.

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 commnity 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 was removed for violating rule #10: **keep posts within the scope of customer care, market news, or general investing discussion**.
The focus of this commnity 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 #3: **no misleading or false information**.
Remember that this is a community that's focused on investing education and Fidelity customer care. Please do not post misleading statements and/or false claims.
*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 commnity 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 was removed for violating rule #10: **keep posts within the scope of customer care, market news, or general investing discussion**.
The focus of this commnity 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*

SIPC insurance on spot ETFs like FBTC

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*

Like others have said, Fidelity has excess coverage above SIPC limits. But I split my account across multiple brokerages, just for more piece of mind (and to compartmentalize my different kinds of investments)
For example, Fidelity is my “main” brokerage that I buy individual stocks in. But I also have a Merrill Edge account where I just buy and hold ETFs (Bank of America has a program that gives me better credit card cashback for having money in Merrill)

1. The scenario you are describing has nothing to do with FDIC or SIPC coverage.

2. Fidelity has a Fidelity Customer Protection Guarantee: "Fidelity will reimburse you for losses from unauthorized activity in your Covered Accounts occurring through no fault of your own." You should read it and understand it carefully, including the limitations.
[https://www.fidelity.com/security/customer-protection-guarantee](https://www.fidelity.com/security/customer-protection-guarantee)

https://www.fidelity.com/learning-center/smart-money/sipc
>If your securities and cash exceed the standard amount of SIPC coverage, you can check if your brokerage firm offers excess SIPC coverage. This can extend your coverage past the baseline $500,000. For instance, **Fidelity provides its brokerage customers excess of SIPC coverage with no per-customer dollar limit on securities. There’s a per customer limit of $1.9 million on coverage of cash awaiting investment. Total aggregate excess of SIPC coverage available through Fidelity's excess of SIPC policy is $1 billion.**

Fidelity has coverage far and above the standard SIPC limits.

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 commnity 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 was removed for violating rule #10: **keep posts within the scope of customer care, market news, or general investing discussion**.
The focus of this commnity 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*