SIPC
Sipp Industries Inc - Class A
stock OTC

https://www.sipc.org/for-investors/what-sipc-protects#:~:text=SIPC%20protects%20against%20the%20loss,a%20%24250%2C000%20limit%20for%20cash.

Do you know what SIPC covers?

SIPC insured tho

I'm located in Europe and have a Broker in Europe that is what you guys would call FDIC/SIPC covered.
But I also have the ability to claim stocks in an account soon at Merrill Lynch.
Looked into them. They seem to have a good rep, but they also lost many many billions in 2008.
Not to mention what good is rep if you are Credit Suisse.
Looks like Cash and Assets are covered by the FDIC/SIPC.
Not sure if I should move it the cash/assets to Europe or just keep the account.
It potentially ads difficulty when it comes to taxes and the inheritance tax i'd have to pay.
Also the cost of using them are not transparant at all.
It's not clear how much it would cost me to buy Stocks/ETFs or sell them.
Doesn't say if I have yearly cost of sorts.
Anyone know what kinda cost I would be looking at with Dividend Paying Stocks in the account.
Yearly cost, fees they charge for holding etfs perhaps. Fees for holding cash? True cost to buy or sell stocks. Because it's trying to pretend it's 0$ and it's not.
This is why I don't like brokers, because the cost are never transparant.

Thanks for engaging here, u/name1wantedwastaken.

While most things are SIPC-Insured, a few things are FDIC-Insured, such as the FDIC-Insured Deposit Sweep Core (available in Cash Management Accounts and certain retirement accounts) and Certificates of Deposit. You can learn more about SIPC insurance through the link below:

[Safeguarding Your Accounts](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts)

Please let us know if you have any other questions.

It takes two to tango, and I am happy to help this morning, u/wallpapersdance. Thanks for your questions!

In recent months, FDIC insurance and the government debt ceiling have been hot topics on our sub. We've created two posts to assist with these topics that you may find helpful. I included these below.

[Addressing common Debt Ceiling FAQs](https://www.reddit.com/r/fidelityinvestments/comments/13spw5l/addressing_common_debt_ceiling_faqs/)

[Addressing common questions related to Silicon Valley Bank failure, including FDIC v SIPC, Money Market holdings, and more.](https://www.reddit.com/r/fidelityinvestments/comments/11qtkpj/addressing_common_questions_related_to_silicon/)

Let us know if we can further assist!

Your first comment provided the context under which subsequent ones were interpreted. You falsely claimed an equivalence of coverage between FDIC and SIPC, someone pointed out that FDIC insurance guarantees no [nominal] loss of value but nominal loss of value is possible in a MMF, and now you've resorted to the strawman that FDIC (and SIPC) doesn't ensure against real loss of value. Which is true, of course, but nobody said otherwise.
In general when people say "value" they mean nominal value, but this is even more true in a discussion about differences between FDIC and SIPC coverage.
I'm not sure why I'm bothering to reply to your cantankerous replies but I suppose it's been just amusing enough. Like watching a gymnist, except the leaps and twists are rhetorical. Unless you've got something novel to bring up, I think I've exhausted my interest.

Your first statement was "MMFs are insured by SIPC in the same way CDs are protected by FDIC" and this isn't true, because FDIC coverage protects against nominal loss of value - if you have $18k in a CD the bank fails you get the full $18k. You lose interest between the failure date and FDIC covering the deposits, but this is generally a small number of days in practice. SIPC does not cover against this loss of value. You could have $18k in a money market fund and the dollar breaks, and then suddenly perhaps you only have $17k, and SIPC never enters the picture, and you're out $1k.
This is what is meant by saying FDIC protects against nominal losses in value, but SIPC does not.
>
I’m still waiting for anyone to show me where FDIC covers a loss of value(without wrapping new words around it to change the definition wink wink).
Nominal value is the common definition of value here, so the addition of the word isn't changing the meaning here. If you have $20 in FDIC insured deposits, you're going to get the full $20 back - if the bank tried otherwise it would be a bank failure, and the FDIC insurance would reimburse every cent of your deposit. $20 in a MMF might suddenly be only worth $19 and there's literally no relevant insurance that engages here; SIPC doesn't insure against the price of a money market share dropping below $1.
Nobody claimed FDIC insures against "real" (as in, inflation-adjusted) value.
Your underlying point about SIPC coverage of MMFs being equivalent to FDIC insurance of CDs is still quite wrong. FDIC guarantees that if you deposit X cents you can withdraw X cents; SIPC guarantees that if you buy X shares you can sell X shares. These aren't equivalent coverage because a 'cent' has a well defined nominal value (it's $.01), but a share does not.

As I said in my comment “FDIC doesn’t cover that either” in response to “against loss of value”…money does lose value over time and FDIC doesn’t cover that as SIPC doesn’t cover that.
I’m still waiting for anyone to show me where FDIC covers a loss of value(without wrapping new words around it to change the definition wink wink).

As I said in my first comment in the thread, "and the insurance means you will get the same nominal value of your deposit back."
FDIC insurance protects against loss of nominal value. SIPC does not. These are not equivalent forms of coverage.

Might want to double check that- I'm pretty certain it does. FDIC insured products are deposits, and the insurance means you will get the same nominal value of your deposit back. Deposits aren't securities.
SIPC covers securities; it guarantees that if you have X shares at your broker that all X of those shares will in fact be yours even if the brokerage fails. But the value of those shares can change and SIPC provides no coverage.
MMF SIPC coverage means you will have all X shares. But the value of each of those shares may drop below $1, so it's possible to have a nominal loss (and no insurance covers this).
Money market deposit accounts are also FDIC insured. These are comparably insured to CDs, but not money market funds. Forbes has a useful [article on the difference between MM funds and accounts](https://www.forbes.com/advisor/banking/money-market-account-vs-money-market-fund/) that should illustrate this.