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LOL - $20M - FanDuel Says "Nah, we good"
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02-03-2024, 09:32 AM
(This post was last modified: 02-03-2024, 09:34 AM by The Real Marty. Edited 1 time in total.)
(02-03-2024, 02:42 AM)p_rushing Wrote:(02-03-2024, 12:06 AM)Jaguarmeister Wrote: You would have signed an advisory agreement allowing them to do that and neither of those two companies engage in margin trading on client accounts in their advisory arms. Otherwise, just having a self directed account at the big firms doesn’t allow them to do any of that or exert any other type of control of what you invest in with your account (unless it’s restricting access to certain private investments), nor can they settle their debts with securities registered in your name. If Fidelity or Schwab fail as companies and you own Apple stock in an account with them, you still own those shares whether Fidelity or Schwab cease to exist or not. What Happens When a Stockbroker Goes Bust? (investopedia.com) |
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