You probably have questions. And not "What does CDO mean again?" sorts of questions but more along the lines of "Is it time to hide under the covers?" Here we tackle some popular queries--while emphasizing that just because we discuss the possibility of bad things happening doesn't mean they will.
What happens if I have a brokerage account at a firm that goes bankrupt?
Those are your assets, not the company's, and its creditors have no right to your money. One hopes the transfer to a new brokerage should go smoothly: federal regulators show up to...