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<p>[QUOTE=&quot;Clawcoins, post: 2908556, member: 77814&quot;]Correct.</p><p>A Brokerage Account is not covered by FDIC.</p><p>But they are covered by the SIPC.</p><p><br /></p><p>I believe Mutual Funds are different depending upon how they are held.&nbsp; Mutual Funds are not SIPC covered, unless they are in a brokerage account.&nbsp; But they are covered/designed by the 1940 Investment Company Act.&nbsp; Of course there&#039;s always the potential problem of embezzlement by the custodians.&nbsp; Just like if someone came to your house and stole all of your uninsured PMs.[/QUOTE]</p><p><br /></p>

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