The investments and cash you hold in your brokerage account are typically covered by SIPC insurance. In the unlikely event that Northbound Securities files for bankruptcy, SIPC would recover up to $500,000 of the investments and cash in your brokerage account (up to $250,000 for cash only).

Loaned stocks are not covered by SIPC insurance, instead cash and non-cash collateral (as per the Securities Exchange Act of 1934 and related SEC and FINRA guidance) will be held for your benefit at a custodial bank that is independent of our clearing partner, DriveWealth. The value of the collateral held is equal to 102% of the daily marked-to-market value of your lent securities.