Account Protection
The decision to make Capitol Securities your partner in developing your portfolio—and future—is a solid one. We have been helping clients achieve their goals since 1981. We are registered with the Securities and Exchange Commission (SEC) and are members of the Financial Industry Regulator Authority (FINRA), the Municipal Securities Rulemaking Board, and the Securities Investor Protection Corporation (SIPC).
Powerful connections and account protections
Capitol Securities is connected to all securities exchanges through our clearing firm, Pershing LLC, a Bank Of New York Company. Capitol Securities also has its own trade desk for special handling of Over-The-Counter (OTC) orders. Our accounts are protected up to the total net equity in the account. This protection consists of $500,000 of basic SIPC* coverage (including $100,000 for cash holdings) and secondary excess insurance coverage of unlimited net equity.
The following types of securities are protected by SIPC and excess insurance coverage:
Notes, stocks, bonds, and certificates of deposit (CDs) Money market funds organized as mutual funds
- Publicly registered investment contracts or certificates of participation or interest in profit sharing agreements or oil, gas, or mineral royalties/leases
- Warrants or rights to purchase, sell, or subscribe to the aforementioned securities
- Cash balances (up to $100,000) maintained in an account for the purpose of purchasing securities
SIPC and excess insurance coverage does not apply to unregistered investment contracts or any interest in gold, silver, or other commodities, commodity contracts, or commodity options.
Account protection does not include losses from the rise or fall in the market value of a client's investments.
*The Securities Investor Protection Corporation (SIPC) is a non-profit organization established by Congress to insure client accounts against the failure of member brokerage firms. For more information about SIPC, please visit their website at www.sipc.org or call 202-371-8300. |
