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Dakota Securities and our clearing firm Legent Clearing are both members of the Securities Investor Protection Corporation (SIPC), which provides coverage for accounts up to $500,000 (including up to $100,000 in cash) per client as defined by SIPC rules.
Legent Clearing’s policy through Lloyd’s of London provides additional account coverage up to $24.5 million (including up to $900,000 in cash) per client as defined by SIPC rules. With both SIPC and Lloyd’s of London coverage, accounts are protected up to a total of $25 million per client (as defined by SIPC rules) including up to $1 million for cash balances.
This coverage does not protect against loss of market value of securities. |