Yes, Acorns Securities is a Member of the Securities Investor Protection Corporation (SIPC). This means all of our customers' investments are protected up to $500,000 (including $250,000 for claims for cash).
SIPC is a non-profit organization that was established by the federal government in 1970. If you have investments in a company that's a member of SIPC and it faces financial trouble, SIPC will return your funds, up to $500,000.
SIPC doesn’t protect your investments from the normal ups and downs of the stock market — by nature, investments carry some level of risk. The $500,000 of protection against a worst-case scenario with your brokerage firm should help offer some peace of mind.
You can learn more about how it works at www.sipc.org.
Comments
0 comments
Article is closed for comments.