What happens to my mutual funds if my broker goes bankrupt?
Posted March 15th, 2009 by admin 1 Comment »
spaceskating_girl asked:
There are several banks out thre which also offer brokerage services. some of the banks may declare bankruptcy due to the credit crisis. I have mutual funds in one of those banks. The funds are holdings of all kinds of stock so I would assume they continue to exist. Or am I wrong? Please advise.
There are several banks out thre which also offer brokerage services. some of the banks may declare bankruptcy due to the credit crisis. I have mutual funds in one of those banks. The funds are holdings of all kinds of stock so I would assume they continue to exist. Or am I wrong? Please advise.