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Financial Strength and Security: Account Protection

 

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Account Protection

 

 
   
     
 

SIPC

For Specific Coverage at Place Trade please view the following information:

 

At Place Trade Financial, our clients' securities accounts are protected under SIPC up to $500,000 (with a cash sub limit of $250,000).

 

In addition, our clients are covered, through our clearing firm, by an excess SIPC policy with Lloyd's of London insurers for an additional $30 million per account* (with a cash sub limit of $900,000). Clients requiring additional coverage (for accounts in excess of $30 million) may purchase additional coverage. Please contact us directly and we will assist you with a quote.

 

Your stocks, options, warrants, debt instruments, and cash -- denominated in all currencies -- are covered by this protection.

 

As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities.

 

This protection is provided by the Securities Investor Protection Corporation (SIPC) and Lloyd's of London1 insurers. SIPC provides the first $500,000 per customer (including up to $250,000 for cash). For customers who have received the full SIPC protection, the Lloyd's policy provides up to an additional $30 million (including $900,000 for cash), subject to an aggregate limit of $150 million.

 

*For the purpose of determining a customer account, accounts with like names and titles (e.g. John and Jane Smith and Jane and John Smith) are combined, but accounts with different titles are not (e.g. Individual/John Smith and IRA/John Smith).


1Lloyd's of London is a world leader in the insurance industry.

 

 
     
 
 

 

Get extra protection for your account with our Secure Login System and always use one of our secure log in devices!

 

 
 
     
   

More Information Regarding SIPC Coverage

 

  1. Place Trade Financial, Inc. is a member of SIPC.
  2. SIPC protects cash and securities held with Place Trade.
  3. SIPC does not generally cover commodity futures or options on futures.
  4. SIPC protects cash, including US dollars and foreign currency, to the extent that the cash was "deposited with Place Trade for the purpose of purchasing securities."
  5. SIPC does not generally cover cash or foreign currency that is not "deposited with Place Trade for the purpose of purchasing securities." For example, SIPC does not generally cover cash in commodity futures trading accounts.
  6. Place Trade is not able to make any statements or representations about how cash deposited into a securities account in connection with forex trading or swept from a commodities account would be treated by SIPC. SIPC protection would depend in part on whether the cash was considered to be "deposited with Place Trade for the purpose of purchasing securities." Place Trade expects that at least one factor in deciding this would be whether and the extent to which the customer engages in securities trading in addition to or in conjunction with forex or commodities trading.

 

Account holders seeking further information should refer such inquiries to their own legal counsel or the SIPC.

 
     
 
   

 

 

For more information about SIPC or for a brochure please visit:

 

         
 
Please visit:

 

http://www.SIPC.org

Your Rights Under SIPC Protection

How SIPC Protects You

 OR
Contact SIPC at:

 

Securities Investor Protection Corporation
805 15th Street, N.W. - Suite 800
Washington, D.C. 20005-2215
Telephone: (202) 371-8300
Facsimile: (202) 371-6728

 
     

 

 

 

 

 

 

Place Trade Financial, Inc. (Member FINRA, SIPC) is a Financial Industry Regulatory Authority (FINRA) Member Firm. Place Trade also participates in SIPC and is a SEC and MSRB registered firm as well. Before you invest you should always check to make sure that the firm that you choose is either a FINRA or NYSE member firm and has sufficient account protection BEFORE you ever write a check! Check before you write one!

Please visit FINRA to learn more about investor protection and lots of great educational information.

Account Protection: Place Trade Accounts are insured up to $30 million per account. The first $500,000 (up to $250,000 in cash) is covered by SIPC. Clients are covered, through our clearing firm, by an excess SIPC policy with Lloyd's of London insurers for an additional $30 million per account* (with a cash sublimit of $900,000). Accounts held fund direct (with a mutual fund company and not held within your brokerage account [we offer mutual funds both within and outside of your brokerage account for your convenience]) will be covered by the policies of the individual investment companies that hold your investments.

 

For more information about SIPC or for a brochure please visit SIPC.

 

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts

 

 

 

 

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