Most newbie investors (and some senior traders alike) still have this fear that their investments are not protected in case their stockbroker shuts down its operations.
Is there really no equivalent to the bank’s PDIC or Philippine Deposit Insurance Corp. which insures the stock traders and investors should there be a judicial declaration of insolvency or closure of a stockbroker? Continue reading What Happens To My Stocks (and CASH!) if My Stockbroker’s Gone Broke?