Common use of SIPC Protection Clause in Contracts

SIPC Protection. BB&T Securities is a member of the Securities Investor Protection Corporation (“SIPC”). You may obtain information about SIPC, including the SIPC brochure, by contacting SIPC at xxx.xxxx.xxx or by calling SIPC at 1-202-371-8300. Securities and cash carried in a BB&T Securities account receive up to $500,000 in protection, of which protection of uninvested free cash is limited to $250,000. Your protection is for each account held in a separate capacity, e.g., as custodian, sole owner, or joint owner. Shares of money market mutual funds are securities and are not covered as cash. BB&T Securities may have purchased additional protection; see Your monthly client statement for the current coverage. SIPC coverage does not protect You against declines in value of securities.

Appears in 7 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!