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1st Discount Brokerage > Research > Financial News Headlines

Financial News Headlines

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© 1st Discount Brokerage, Inc. All rights reserved. Member FINRA and SIPC. Registered Investment Adviser.

Apex Clearing Corporation (Apex) is a member of the Securities Investor Protection Corporation (SIPC), which protects securities and cash of the customers of its members up to a maximum of $500,000, of which $250,000 may be cash. For additional information, including a brochure, about SIPC coverage, please call (202) 371-8300 or visit www.sipc.org

Apex has purchased an additional insurance policy to supplement SIPC protection. This additional insurance policy, widely known as "excess SIPC," becomes available to customers in the event that SIPC limits are exhausted. This additional insurance provides protection for securities and cash up to an aggregate limit of $150 million, subject to sub-limits for any one customer of $37.5 million for securities and $900,000 for cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. For additional information, please contact your broker.

Background information on 1DB and our brokers can be found on FINRA's BrokerCheck

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