SIPC
SIPP INDUSTRIES INC NEW
stockOTC

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For anyone with an account there: the stock dropping and your account being at risk are two different things. Your securities are held separately from the company's own money, and SIPC covers up to $500k per customer (of which $250k cash) if a US broker fails. This report is a congressional panel, not a regulator action, so nothing changes for accounts today. If the cash part worries you, that's the bit to keep under the limit.

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It’s SIPC and FDIC insured so I don’t think so.

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It's covered up to certain limits by SIPC in the US or local schemes depending where your account is based. think it's like 500k for securities incl 250k cash but check your local rules. shares are held separate from IBKR's own assets anyway so if they go broke your stuff isn't just gone

"The €20,000 applies to cash. If the IBKR Ireland client holds US assets, they are segregated at IBKR LLC (US) and are therefore covered by the SIPC guarantee + Lloyds of London insurance."

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There are two main layers of safety which also apply to other brokerage firms: 1. Segregated assets. Your securities are not accessible to ibkr or creditors in a bankruptcy, they are ring-fenced for you. 2. SIPC. Up to 500k. Does not remove the risk of loss but removes the risk of your securities being misplaced due to poor compliance or custody practices.

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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*

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Since 1 August 2024, EU/EEA clients are served by Interactive Brokers Ireland Limited (IBIE), regulated by the Central Bank of Ireland. IBIE is a member of the Irish Investor Compensation Scheme, not SIPC. For eligible retail clients that scheme covers 90% of an eligible loss, capped at €20,000.

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I might be wrong but I think IBKR acts as a custodian. As in they only hold for you the stocks you own. They don’t own them, they cannot sell them and use the proceeds. If IBKR goes under, they would simply give you the proof of ownership of the stocks you own and you would go to another custodian and ask them to hold these shares for you. That being said, in practice IBKR can probably sell the stocks you own without your authorisation and use that money. That’s illegal, but that’s indeed a real risk of loss of capital and you would need a central bank guarantee or the SIPC insurance or something.

you have SIPC insurance up to 500k per each account. assets might be frozen for a while, eventually you would get your money

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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*

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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*