SIPC
SIPP INDUSTRIES INC NEW
stock OTC

Most people who buy a [DTF](https://app.reserve.org/bsc/index-dtf/buildout/overview?utm_source=reddit) through a zapper never see the actual mechanism underneath, they just swap USDC for a token. It is always worth breaking down what that token actually represents and where the price comes from, since it's a genuinely different architecture than a traditional ETF.
The DTF token itself isn't a claim on a company or a fund manager's promise, it's a claim on a specific basket of assets sitting inside a smart contract. For Reserve's AI suite, those underlying assets are Ondo Global Markets tokenized equities, each backed 1 to 1 by a real share held in a regulated US brokerage account. So the custody chain looks like this, a real NVDA share sits in a brokerage account, Ondo issues a token backed by that share, and that Ondo token sits inside the DTF's smart contract, with the DTF token representing your claim on the whole basket.
The part that actually keeps price honest is the mint and redeem path staying open to anyone. Minting means depositing the full basket and getting DTF tokens back, redeeming means burning tokens to get the basket back out. Almost nobody does this manually, most people just swap through a zapper, but the path existing at all is what gives arbitrageurs a reason to act. Token trading below basket value gets bought and redeemed for profit, trading above gets minted and sold, and that constant pressure is what keeps market price and NAV from drifting apart without a market maker in the loop.
Liquidity is worth flagging too since it's easy to assume it's shared. It isn't, each DTF token needs its own pool depth on PancakeSwap, 1inch, or CoWSwap, bootstrapped separately from whatever liquidity exists for the underlying stocks. That's a real cost to launching a new basket that people underestimate.
More info and trading: [https://app.reserve.org/?utm\_source=subreddit](https://app.reserve.org/?utm_source=subreddit)
*Not investment advice. $ROBOTS is a concentrated, single-theme basket of experimental tokenized assets. Volatile, illiquid, and may lose value entirely. Not an ETF, not FDIC or SIPC insured. Fees: 0.3% mint plus 0.6% TVL. Not for US or sanctioned-jurisdiction persons. Full terms and risks:* [*reserve.org/terms\_and\_conditions*](http://reserve.org/terms_and_conditions) 

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*

Read the comments. You don't but legally they are bound to making sure your purchase stays intact. Big problem people don't realize is all brokers give you an IOU. Share certificates is what makes you a share holder. You can request certificates but they charge you. If a broker goes belly up, SIPC conveniently freezes the stock you own/are owed in the broker for about 2 weeks (convenient right?) Until you are allowed to transfer then.
How to protect against a broker going belly up or getting cutt off by their clearinghouse? Diversify as 1, Pick the big boys that clear their own shirt like Shwab or Fidelity( they can do this because they have a ton of shit, who manages your 40qk for example), Dr. Seuss as 3.

Where are you coming up with this stuff? Ally is a financial firm. They have a bank arm and an investment arm. IRAs at Ally are covered by FDIC insurance if they contain bank products such as CDs and by SIPC if they hold stocks, MFs, etc.

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 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*

How's it going today?
It's awesome to hear that you're looking for information to help your family member. You're definitely in the right place, so let's dive in. First and foremost, I wanted to quickly provide the link on how to start a Transfer of Assets (TOA) to Fidelity. The process is very straight forward, and your family member can complete it online.
[Start a TOA](https://www.fidelity.com/customer-service/transfer-assets)
Moving along. I'm happy to share that within an IRA, you can invest in equities, any available Certificates of Deposits (CDs), and many other types of investments! You can learn more about the investment choices in an IRA here:
[Explore ways to invest your IRA](https://www.fidelity.com/retirement/ira-investment-options)
Lastly, it sounds like you're referring to SIPC coverage. For some background, the Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing. SIPC is not a governmental agency and does not cover investment losses due to market fluctuation. The SIPC will cover up to $500,000 in securities, including a $250,000 limit for cash held in a brokerage account. If you have multiple brokerage accounts, each account will receive these coverages separately.
In addition to SIPC protection, Fidelity provides its brokerage customers with additional "excess of SIPC" coverage through Lloyd’s of London. The excess coverage would only be used when SIPC coverage is exhausted. SIPC coverage protects assets held in brokerage accounts, including stocks, bonds, mutual funds, and money market funds.
Total aggregate excess of SIPC coverage available through Fidelity's excess of SIPC policy is $1 billion. Within Fidelity's excess of SIPC coverage, there is no per customer dollar limit on coverage of securities, but there is a per-customer limit of $1.9 million on coverage of cash awaiting investment. This is the maximum excess of SIPC protection currently available in the brokerage industry. Like SIPC, excess protection does not cover investment losses in customer accounts, including losses due to market fluctuation. You can learn more about the coverage available to you by clicking the links below.
[Safeguarding Your Accounts](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts)
[What is SIPC coverage?](https://www.fidelity.com/learning-center/smart-money/sipc)
I know that was a lot of info, so if you do have follow up questions, don't be afraid to let me know.

Transfer all the funds to Fidelity. Ally is a bank. However your IRA(s) at Ally are not ensured.
By law, customer accounts at brokerages are required to be kept separate from the funds Fidelity uses to operate. If Fidelity were to fail (keep in mind, it’s got billions of dollars in revenue and trillions of dollars in assets under management) Vanguard and Schawb (among others) would be licking at the chops to nab customers and their accounts.
Fidelity separately caries SIPC insurance. Theoretically if Fidelity were to go out of business (it won’t, see above) AND your account couldn’t be moved (it won’t, see above), each account would be insured up to 500k. The caveat with this is that stocks dropping in value are not protected.
If you believe Fidelity is going out of business, you should hide all your money under a mattress. Hope this helps! Happy to answer any questions.

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 #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 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*

I started raising awareness of the "security entitlement" that "entitlement holders" (investors) have in the stocks and bonds in broker accounts etc.; here's a brief video that starts with the Great Taking as a foundation for the coming tokenization of everything: [https://youtu.be/CyQRe6RwcAA?si=yoyO8H3tpYr\_B2gz](https://youtu.be/CyQRe6RwcAA?si=yoyO8H3tpYr_B2gz)
You really own a contractual right to those securities in the broker account i.e. not outright ownership and the essence of The Great Taking is in a collapse (a very real risk) the creditors of the clearing houses ( e.g DTC) that actually hold the securities have a priority claim in bankruptcy over your "stocks & bonds" full stop.
The Depository Trust Company ("DTC") is the central securities depository for the United States — the vault and master ledger that almost every US-traded security sits in;
For example, Ohio Revised Code section 1308.61(C): Creditors of the DTC have priority (in a bankruptcy \[& lack of accounting\] of the DTC etc.) over your ownership interest (called a "security entitlement" under law) in your stocks and bonds in your account - FULL STOP;
Security Entitlement is defined in 1308.01(A)(17).
As you can see in §1308.61(C), it doesn't matter that you paid cash for your stocks and bonds.
The banking lobby snuck this into the Uniform Commercial Code ("UCC") then paid off all state legislators to adopt it into their respective state law. Criminal...
Scary stuff guys...remember SIPC only covers $250K and I doubt they have any where near enough to reserves to pay in a collapse...

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*

SIPC insures the *value* of cash held in brokerages, same as FDIC.
That is different from SIPC insuring the *ownership* of securities, including MMFs.

SIPC coverage is not at all the same as FDIC insurance.

Wow, you're right. It's still protected by SIPC, which is effectively the same for this case. In addition to the regular $250k coverage, Fidelity also provides supplemental private insurance of $1.9M per customer.

This has been removed for violating rule #5: **no spamming**.
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 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*

This has been removed for violating rule #7: **no personal attacks or trolling**.
Remember your Reddiquette. Be kind to each other.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*