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BrokerageSelect Investor Protection Information
BrokerageSelect is a member of the Securities Investor Protection Corporation (SIPC). BrokerageSelect customer accounts are carried and held by Pershing LLC, a division of The Bank of New York. SIPC protection insures client accounts for losses due to firm insolvency, fraud, certain natural catastrophes and other conditions that might force BrokerageSelect to cease its business activities. Accounts are protected for amounts up to $500,000 of which up to $100,000 may be cash. In addition to SIPC coverage, Pershing LLC purchases additional insurance from a private carrier to protect client accounts up to the full equity value of the account. With respect to SIPC and private coverage, it is important to realize that these programs do not protect against declines or realized or unrealized losses in market value of the securities in client accounts..
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