SIPC
SIPP INDUSTRIES INC NEW
stock OTC

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Your hypothetical needs work.
What possible causes would make Fidelity not exist? Especially if fraud was not an issue.
Fidelity (or its myriad subsidiary companies ) certainly hold the underlying debt instruments that make up SPAXX and all the other money market mutual funds as assets.
The hypothetical doesn't state if there is a significant loss of value in the holdings that make up the fund.
Fidelity not only has SPIC to rely on to distribute the remaining holdings to shareholders, but they have 3rd party insurance that possible be drawn on but the specifics of that coverage have never been enumerated.
FDIC coverage insures your total account holding subject to the max limits. SIPC coverage does no such thing. It is not insurance. It is not backed by the full faith and credit of the USA. Go to [https://www.sipc.org/](https://www.sipc.org/) and read about what it is.

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*

It’s extremely unlikely and almost silly to ask, but I want to know. Should fidelity ceases to exist, what happens to cash held in a CMA in SPAXX? Let’s assume SIPC doesn’t kick in because it’s not lost and/or squandered via fraud. My understanding is that it would quite safe because fidelity doesn’t hold this as an asset and isn’t subject to anything sort of claim by a counter party. This does sound like a decent alternative to multiple HYSA in order to cover the cash via FDIC.

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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If you remove the instance of profanity and let us know. We will re-approve, or you can repost it.
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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*

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Do not post the same message in a short time frame or comments that are unrelated to the discussion. We review every post and comment on this sub, so it may take a moment for us to reply. Duplicate 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 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 #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.
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