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How Your Account is Protected

To provide our customers with the financial confidence they deserve, all of our clients' accounts are protected up to an aggregate of $1.9 million per account. The Securities Investor Protection Corporation (SIPC)  provides coverage up to $500,000 per customer with a limitation of $250,000 on claims for cash. Pershing supplements this basic coverage with an Excess Securities Policy purchased from a major insurance company totaling $1 billion. This coverage does not protect against fluctuations in the market value of securities, including loss of principal on any investment or cash.