1st Discount Brokerage, Inc. strives to provide our clients with the tools necessary to make wise investment decisions. To that end, we are pleased to provide you with links to Investopedia, and Yahoo Finance, where you may find definitions for many of the terms used in investing
www.finance.yahoo.com/education
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© 1st Discount Brokerage, Inc. All rights reserved. Member FINRA and SIPC. SEC Registered Investment Adviser.
As a member of the Securities Investor Protection Corporation (SIPC), funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of
$250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org
Our clearing firm, Penson Financial, has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2.15 million. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.