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Create SIPC Coverage Page on WhyDRS.org #2

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tehchives opened this issue Sep 19, 2024 · 0 comments
Open

Create SIPC Coverage Page on WhyDRS.org #2

tehchives opened this issue Sep 19, 2024 · 0 comments

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@tehchives
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At the moment, we do touch on SIPC coverage in the DRS Info Packet, but it's several pages in and not approachable. I think a page which talks about coverage (insurance or otherwise) in context of self custody could be helpful. We can look into more direct legal citation and precedent that SIPC has historically been underfunded by its members and also has provision to limit or avoid payout to retail investors in some cases (see items such as: https://www.forbes.com/sites/kotlikoff/2014/07/16/the-huge-sipc-risk-your-broker-isnt-disclosing/ or https://www.pbs.org/newshour/nation/why-brokerage-account-insurance-is-a-bigger-scam-than-madoff)

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