TradePMR is a member of SIPC. Above and beyond SIPC coverage, our clearing firm, First Clearing maintains additional insurance coverage, currently through the Customer Asset Protection Company. Effective January 1, 2009, the additional insurance coverage will be provided through London Underwriters (led by Lloyd’s of London Syndicate) (“Lloyds”). For clients who have received the full SIPC payout limit, First Clearing’s policy with Lloyd’s provides additional coverage above the SIPC limits for any missing securities and cash in client brokerage accounts up to a firm aggregate limit of $1 billion (including up to $1.9 million for cash per client). In other words, the aggregate amount of all client losses covered under this policy are subject to a limit of $1 billion, with each client covered up to $1.9 million for cash.
SIPC protection covers more than one account in which you have an interest, provided
you are acting in different capacities for each account. (For instance, coverage
would apply on an individual account and also a joint account with a spouse.) SIPC
does not protect against a decline in market value of securities in your brokerage
account.
For additional information, please see the SIPC web site at www.sipc.org.