Any Brokers Here?

[daepp]

Question for the brokers - if a client owns Treasuries in "Street name" at a brokerage that fails, is there any protection for the client above the SIPC limits?

If not, then how safe are Treasury investments???

[911Rob]

David,
You know why they call them brokers don't you?

Cause after you consult with them, you are broker.

[daepp]

Point well taken!

[911Rob]

Hey, I gave you one free bump; so here's another.....
You might want to check out the 'investment' thread?

[daepp]

Rob - where is this "investment" thread? Is it a forum or an OT thread?

[911Rob]

Sorry, try these?
Should be a broker or two trolling around there?

Links: How your 2008 Investments been performing?

Single Stock Pick for 2008

worldwide stock markets and Dow futures plunge

[trj911]

Street name means "in the name of the bokerage firm", which is standard practice. You either hold securities in street name at your bank/broker or you take physical delivery of the security, like a barer bond. (Which they don't issue any more) They will get every penny back at maturity as long as they are the registered owner of the security, no matter what happens to the broker.

[911Rob]

wrong thread Tom,
happens all the time, fyi.

[trj911]

Originally Posted by 911Rob

wrong thread Tom,
happens all the time, fyi.

? Wrong thread?

Wasn't that the answer to his question in thread #1?

[daepp]

Yes - that does answer my question - and a hearty thank you for doing so!

[911Rob]

Oops, sorry, I forgot all about the original question. Ha, ha!
Good Job Tom Glad you got your answer Doug.
My bad.

[trj911]

I thought I was going crazy for a minute!

[911Rob]

no troubles, my bad.
sorry about the broker joke above too