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All
accounts held by Ridge Clearing are protected up to the total net equity in the
account. This protection consists of $500,000 of basic SIPC* coverage (including
$100,000 for cash holdings) and secondary excess SIPC coverage of unlimited net
equity which is provided by CAPCO.
The
following types of securities are protected by SIPC and Excess SIPC coverage:
- Notes, stocks, bonds, and certificates of deposit (CDs)
- Money market funds organized as mutual funds
- Publicly registered investment contracts or certificates of participation
or interest in profit sharing agreements or oil, gas, or mineral
royalties/leases
- Warrants or rights to purchase, sell, or subscribe to the aforementioned
securities
- Cash balances (up to $100,000) maintained in an account for the purpose of
purchasing securities
SIPC
and Excess SIPC coverage does not apply to unregistered investment contracts or
any interest in gold, silver, or other commodities, commodity contracts, or
commodity options.
Account
protection does not include losses from the rise or fall in the market value of
a client's investments.
*The
Securities Investor Protection Corporation (SIPC) is a non-profit
organization established by Congress to insure client accounts against the
failure of member brokerage firms.
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For more information |
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| Contact: |
Dr. Ying Cui |
| Address: |
330 West 38th Street, Suite 238, New York, NY 10018 |
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Phone: |
212-343-8888, 888-933-6688 |
| Fax: |
212-966-0648 | |
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