2 votes

Federal Appeals Court Rules Brokerages Can Use Segregated Client Funds to Pay Creditors

(Scottrade, E-trade, Amera-trade,ect) A federal appeals court ruled Thursday that brokerages can use segregated client funds to pay off creditors in bankruptcy proceedings.
This essentially means that supposedly segregated customer funds are toast in the event of your brokerage’s bankruptcy. http://www.reuters.com/article/2012/08/10/us-sentinel-appeal...

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Which means the only way to deal with it, is disengage...

Once you disengage from a corporation like Verizon you would be surprised at how much easier it becomes to disengage from the rest.

They are all part of the Federal Reserve, and the only way courts as well as other things are forced your direction is to take your money right out.