Re:Robinhood to pay $70M for 'systemic supervisory failures'
by vageli on Wednesday June 30, 2021 @02:01PM
(#27691618)
Aren't there limits to the amount covered? Even the FDIC limits recovery amounts.
[ Parent
| on HN ]
Re:Robinhood to pay $70M for 'systemic supervisory failures'
by gruez on Wednesday June 30, 2021 @02:12PM
(#27691755)
AFAIK DTCC provides zero coverage, that's handled by SIPC and is limited to 500k
Re:Robinhood to pay $70M for 'systemic supervisory failures'
by tedunangst on Wednesday June 30, 2021 @05:48PM
(#27693773)
Even if RH fails in some spectacular way, it'd be hard for all the customer assets to actually vanish. If you have 10000 shares of AAPL, but only 9000 shares are there, should still be good.
For funsies, the open SIPC cases: https://www.sipc.org/cases-and-claims/open-cases/