SIPC and Other Insurance Coverage. Public Investing and Apex are both members of the Securities Investor Protection Corporation (“SIPC”), which provides protection for accounts up to $500,000 (including $250,000 for claims of cash) per client as defined by SIPC rules. An explanatory brochure is available upon request via telephone at (000) 000-0000 or at xxx.xxxx.xxx. I also understand that Apex has purchased an additional insurance policy through a group of London Underwriters (with Xxxxx'x of London Syndicates as the Lead Underwriter) to supplement SIPC protection. SIPC and the excess of SIPC coverage does not protect against loss due to market depreciation, fluctuation in market value of My securities, or a trading loss. A Claim that would require Apex’s additional coverage would only arise if Apex were to fail financially and customer assets for covered accounts, as defined by SIPC, cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted. For more information about Xxxxx'x of London, please see xxx.xxxxxx.xxx.
Appears in 2 contracts
Samples: Brokerage Agreement, Brokerage Agreement
SIPC and Other Insurance Coverage. Public Investing I understand that T3 Securities and Apex are both members of the Securities Investor Protection Corporation (“SIPC”), which provides protection for accounts up to $500,000 (including $250,000 for claims of cash) per client as defined by SIPC rules. An explanatory brochure is available upon request via telephone at (000) 000-0000 or at xxx.xxxx.xxx. I also understand that Apex has purchased an additional insurance policy through a group of London Underwriters (with Xxxxx'x Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. SIPC and the excess of SIPC coverage does not protect against loss due to market depreciation, fluctuation in market value of My securities, or a trading lossfluctuation. A Claim that would require Apex’s additional coverage would only arise if Apex were to fail financially and customer assets for covered accounts, as defined by SIPC, cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted. For more information about Xxxxx'x Lloyd's of London, please see xxx.xxxxxx.xxx.
Appears in 1 contract
Samples: Customer Agreement
SIPC and Other Insurance Coverage. I understand that Public Investing and Apex are both members of the Securities Investor Protection Corporation (“SIPC”), which provides protection for accounts up to $500,000 (including $250,000 for claims of cash) per client as defined by SIPC rules. An explanatory brochure is available upon request via telephone at (000) 000-0000 or at xxx.xxxx.xxx. I also understand that Apex has purchased an additional insurance policy through a group of London Underwriters (with Xxxxx'x Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. SIPC and the excess of SIPC coverage does not protect against loss due to market depreciation, fluctuation in market value of My securities, or a trading loss. A Claim that would require Apex’s additional coverage would only arise if Apex were to fail financially and customer assets for covered accounts, as defined by SIPC, cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted. For more information about Xxxxx'x Lloyd's of London, please see xxx.xxxxxx.xxx.
Appears in 1 contract
Samples: Brokerage Agreement
SIPC and Other Insurance Coverage. I understand that Public Investing and Apex are both members of the Securities Investor Protection Corporation (“SIPC”), which provides protection for accounts up to $500,000 (including $250,000 for claims of cash) per client as defined by SIPC rules. An explanatory brochure is available upon request via telephone at (000) 000-0000 or at xxx.xxxx.xxx. I also understand that Apex has purchased an additional insurance policy through a group of London Underwriters (with Xxxxx'x Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. SIPC and the excess of SIPC coverage does not protect against loss due to market depreciation, fluctuation in market value of My securities, or a trading lossfluctuation. A Claim that would require Apex’s additional coverage would only arise if Apex were to fail financially and customer assets for covered accounts, as defined by SIPC, cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted. For more information about Xxxxx'x Lloyd's of London, please see xxx.xxxxxx.xxx.
Appears in 1 contract
Samples: Customer Agreement