SIPC
SIPP INDUSTRIES INC NEW
stock OTC

If Vanguard goes out of business then their assets will be assumed by another company. That is not a concern. And SIPC is an independent entity.

Thanks for your post. We recently updated our rules to ask that all investment strategy discussion be kept within the weekly discussion post.
WEEKLY DISCUSSION POST: https://www.reddit.com/r/fidelityinvestments/comments/1o5kjxs/weekly_discussion_thread_volatility_market/
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 weekly 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

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

Not to mention SIPC

Thanks for your post. We recently updated our rules to ask that all investment strategy discussion be kept within the weekly discussion post.
WEEKLY DISCUSSION POST: https://www.reddit.com/r/fidelityinvestments/comments/1o5kjxs/weekly_discussion_thread_volatility_market/
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 weekly 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

Money held in a money market fund is invested in a security and protected to the full limit. I don’t know if a settlement fund is somehow treated as cash instead.
I want to make sure you’re considering the right question. SIPC is not at all like FDIC. It doesn’t protect against loss. It doesn’t protect against the fund breaking the dollar and losing value even if the fund is what happens from cash sweep. SIPC is for the risk of the brokerage failing to operate correctly and losing assets. It’s Bernie Madoff situations, not financial crashes.
FDIC is there to insure against risk that actually should exist even if banks operate above-board and correctly. Banks work by taking deposits and using them to lend, not keeping all deposits available at all times, so a bank run is always possible. A brokerage does not do anything with your assets unless you opt into lending out shares, including opting into the risk, and under normal and legal operation your money should never go missing.

Not sure on the cash vs MMF question, but keep in mind Vanguard provides excess SIPC coverage for its clients, I think something like 1.5 million for cash and 50 million for other investments?

SIPC protection extended to Settlement Fund?

What are the main downsides of Fidelity’s CMA vs an online bank, SIPC vs FDIC insurance aside?

It’s not technically illegal for a U.S. citizen to use an offshore broker, but it’s a gray area with a lot of risk. The main concern isn’t trading itself it’s regulatory compliance and taxes. Most offshore brokers aren’t registered with the SEC or FINRA, so they’re not legally allowed to solicit U.S. clients. If you still open an account, you’re doing it at your own risk, meaning no investor protections, no SIPC insurance, and very limited recourse if something goes wrong.On the tax side, you still have to report all gains and accounts to the IRS, even if the broker doesn’t provide a 1099. You’d need to keep detailed records yourself and make sure everything is reported correctly. In short, it’s not illegal, but it’s unregulated and risky. Most U.S. traders stick to domestic brokers unless they fully understand the legal and tax implications.

This post/comment has been removed for violating rule #7 – Leave taboo topics at the door.

In the interest keeping things civil and allowing us to focus on providing customer care, we ask that you seek out alternate subreddits for engaging in topics around politics, race, religion, violence, drug use and sexual-themes. No meta posts.
Fidelity Brokerage Services LLC, Member NYSE, SIPC

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 daily 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

Removal for Rule #2 - Specific Securities

Thanks for your post. We recently updated our rules to ask that all investment strategy discussion be kept within the weekly discussion post.
[Weekly DIscussion](https://www.reddit.com/r/fidelityinvestments/comments/1o5kjxs/weekly_discussion_thread_volatility_market/)
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 weekly 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

I don't love Robinhood, but customer assets should be segregated from their general money, and brokerage custodial loss is specifically what SIPC insurance covers.
Personally I recommend either Fidelity or Charles Schwab, but your assets disappearing is not something to worry about. They aren't actually holding shares. We no longer have physical stock certificates. Instead, ownership is recorded by the transfer agent responsible for a given stock. And they're held in street name. For the vast majority of stocks, that means the transfer agent has Cede & Co. (the company wholly owned by the National Securities Clearing Corporation, which itself is wholly owned by the Depository Trust Company) as the shareholder. They in turn track which brokerages own those shares, who in turn track which shareholders own those shares. So the shares wouldn't vanish. But even there were fraud on Robinhood's part and they transferred the stock registration to themselves through fraud, SIPC insurance protects you from loss (up to $500,000).

This post/comment has been removed for violating rule #4 – Do not use profanity

Do not use profanity or obscene language. Remember, this is an educational and customer care focused community.
Fidelity Brokerage Services LLC, Member NYSE, SIPC

Brokers have SIPC insurance which is pretty much the equivalent of FDIC for broker dealers. Tomato tomato

Thanks for your post. We recently updated our rules to ask that all investment strategy discussion be kept within the weekly discussion post.
[Weekly DIscussion](https://www.reddit.com/r/fidelityinvestments/comments/1o5kjxs/weekly_discussion_thread_volatility_market/)
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 weekly 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

This post/comment was removed for violating rule #1 – Do not post private information.
Posting of private/confidential information, or anything that infringes on the intellectual property rights of others (whether about yourself or another individual), is prohibited in our community. This includes account numbers, SSNs, email addresses, phone numbers or other information considered PII (Personally Identifiable Information). Reposting the contents of information shared via PMs, modmail, private subreddit chat is also prohibited.
Fidelity Brokerage Services LLC, Member NYSE, SIPC

This post/comment has been removed for violating rule #4 – Do not use profanity

Do not use profanity or obscene language. Remember, this is an educational and customer care focused community.
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