The Golden Lounge

[stock_rancher]

Securities Investor Protection Corporation (SIPC)

I show $33,000 GVRP# in my Scottrade account as a real-time asset.
If they get away with a r/s and my GVRP# assets are wiped out and the regulators approve the action........ in theory the SIPC may help out in this situation. In the end, we have been defrauded and should have recourse somewhere. This is such a mess, I can hardly wait to do my taxes next year.


"A nonprofit corporation created by Congress in 1970 under the Securities Investor Protection Act that provides insurance to protect the assets of client accounts held by registered securities broker-dealers. The maximum coverage for cash and securities in a client account is $500,000 with a sublimit of $100,000 on the amount of cash."