as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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what happens to my stocks when broker goes bankrupt?
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if you are using a us broker, you are protected by sipc up to $500,000. sipc also oversees the liquidation of the broker itself, either by appointing a trustee, or by directly contacting clients. if they are able to transfer accounts to a healthy broker before bankruptcy, they will do so, but if not, you will need to file a claim with them.
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