2021.10.16 14:41 UBADOC Okay okay okay, I know you’ve heard this before, but I need some wrinkle brains stat!!!!! 741 connection that actually makes sense !!!!!!!!!
Okay so I saw Dr. T tweet about how the FTD’s are the problem, not the naked shorting. That led me to a quick Google search….
Section 741 of securities investor protection act. Basically, from what I’ve read, it seems that we are protected by the investor protection act of 1970 as opposed to bankruptcy liquidation process. This was implemented to build more trust in the markets.
Another quick Google search landed me here.
Now there’s a lot here but from my first reaction it seems that the US has a fund made specifically for the purpose of reimbursing investors whose brokers mis appropriate their funds. Hmmmmm interesting right ????
Lastly, here’s a copy pasta from the text.
“The SIPC insures investors for up to $500,000 with cash claims limited to $250,000. This insurance program does not protect against losses due to market conditions. However, when a brokerage firm fails, the SIPC facilitates the transfer of accounts from the failed brokerage to a different member brokerage firm. If the transfer doesn’t go through, then the SIPC pays the investors for the market value of the lost shares or certificates for the stock, and the failed brokerage firm is liquidated”
WRINKLE BRAINS UNITE
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2021.10.16 14:41 PeacefulGoon39 Game Setting
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2021.10.16 14:41 9058580711 I am guaranteed Hu Tao so I’m pre-farming artefacts but I have no clue which one is better
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2021.10.16 14:41 d4rkn1ghts_ fing bhai react pls lol
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2021.10.16 14:41 Numeriitoohx Is THIS Messed Up or What?!
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2021.10.16 14:41 geniusfoot proof your cat doesn't like you 😾
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2021.10.16 14:41 This-Guy-On-Reddit There are three types of people
2021.10.16 14:41 ruebenreleeshahn Ada Blvd looking Southwest from ~38 St, Oct. 15 2021.
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2021.10.16 14:41 MAMANLUCA Can i start with 50-100€?
2021.10.16 14:41 Debeefed Abolish TV licence fee, use exchequer funding for RTÉ, report says
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2021.10.16 14:41 stripedshirtss if i’m not getting over this scene no one can (squid game: eddy and brett version)
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2021.10.16 14:41 -Potatoes- We've gone full circle!
2021.10.16 14:41 pleasedontfollowm3-4 Abigail Spencer
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2021.10.16 14:41 ericmalone3 What is a good crypto to look into this week?
2021.10.16 14:41 SoccerLiveGoals VIDEO: Watford 0-4 Liverpool - MOHAMED SALAH Goal (Full Replay)
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2021.10.16 14:41 Chemical_Run_3705 Feeling anxious
I have been feeling anxious lately, I have been trying to come up with a business idea, but I don’t get anything. Since I was a university student I wanted to have my own business, but for the moment it looks like I have no idea where to start.
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2021.10.16 14:41 bot_neen EU busca que México acepte de nuevo implementar el plan Remain in México.
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2021.10.16 14:41 Madhav-Daga Which all Bluetooth headphones are compatible with PS3?
2021.10.16 14:41 n0din Son if you want too hold onto yourself, then let yourself slip...
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2021.10.16 14:41 Ok-Salamander-2787 Teen dies of heart attack after getting COVID shot mandated by hockey arena: report
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2021.10.16 14:41 Zealousideal_Job1718 HELP! Can’t decide between which sativa to pick up today
2021.10.16 14:41 MF_SMN ITAP of a sign
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2021.10.16 14:41 thestormcloud_ (zoom) it’s taken over….
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2021.10.16 14:41 trixon221 Is there a version of Tw Warhammer that has all things for one price?