Customer accounts are held with Interactive Brokers (IBLLC) in the USA. The clearing bank is Citibank NYC. Interactive Brokers have over $5 billion under management.
Customer securities accounts at TheMoneyPouch.com are protected by the Securities Investor Protection Corporation (“SIPC”) for a maximum coverage of $500,000 (with a cash sub-limit of $250,000) and under IBLLC's excess SIPC policy with certain underwriters at Lloyd's of London for up to an additional $30 million (with a cash sub-limit of $900,000) subject to an aggregate limit of $150 million.
As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities.
SIPC is a non-profit, membership corporation funded by broker-dealers that are members of SIPC. For more information about SIPC and answers to frequently asked questions (such as how SIPC works, what is protected, how to file a claim, etc.), please refer to the following websites:
Securities Investor Protection Corporation
805 15th Street, N.W. - Suite 800
Washington, D.C. 20005-2215
Telephone: (202) 371-8300
Facsimile: (202) 371-6728
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