Quote:
Originally Posted by fotze
But if I own stock in Microsoft through a brokerage like ML and the brokerage goes belly up, do I still own the microsoft stock or does the brokerage take me down with them?
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Ok, I see what you are saying....
Yes you would still own the shares and you would get them back after bankruptcy proceedings. You wouldn't be able to trade the stock during this time and the brokerage would also have to give you back any cash you may have in your account. FDIC or CDIC would protect you up to the stated limits.