Your securities are protected by the Securities Investor Protector Corporation (SIPC)
Greenlight partners with DriveWealth, LLC to provide brokerage services, and DriveWealth is an SIPC member.
When a member brokerage firm closes or assets are missing, the Securities Investor Protector Corporation (SIPC) works to return customers’ cash, stock, and other securities held by the protected firm. SIPC protects the securities and cash in a brokerage account up to $500,000 (including up to $250,000 for cash in the account) if an SIPC member brokerage firm closes.
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SIPC protects investments if: |
What SIPC does NOT protect: |
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The brokerage firm is a SIPC member |
Market losses |
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Your securities are at the brokerage firm |
Investments if a firm is not a SIPC member |
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You have cash at your brokerage firm to buy securities |
Promises of investment performance |
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Commodities or future contracts. |
SIPC does not protect against market losses because investing involves risk and losses are a normal part of the ups and downs in the world of investing. You can find more information on the SIPC at https://www.sipc.org.
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