Are any account assets excluded from the excess account protection that Pershing provides through Lloyds of London?
Certain types of assets that are not protected under SIPC are also not covered by excess account protection. Among the investments that are ineligible for SIPC protection are: commodity futures contracts, precious metals, bank deposits, in addition to investment contracts (such as limited partnerships), and fixed annuity contracts that are not registered with the U.S. Securities and Exchange Commission (SEC) under the Securities Act of 1933.
Related Questions
- In addition to the SIPC protection available, Pershing provides excess account protection through Lloyds of London. What is excess account protection?
- Does the excess account protection that Pershing purchases through Lloyds of London cover institutional clients in the United States?
- Are any account assets excluded from the excess account protection that Pershing provides through Lloyds of London?
