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What type of account protection is available for Dreyfus Lion Account® clients?

April 26, 2017account clients dreyfus lion type

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What type of account protection is available for Dreyfus Lion Account® clients?

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You receive the highest level of account coverage in the marketplace today unlimited account protection for the securities and cash awaiting reinvestment held in custody by Pershing for your account. The Securities Investor Protection Corporation (SIPC) provides the first $500,000 of protection, no more than $100,000 of which may be in cash awaiting reinvestment. Money market funds held in a brokerage account are considered securities. The remaining protection is provided by a commercial insurer. This account protection applies when member firms fail financially and are unable to meet obligations to securities customers, but does not protect against losses from the rise and fall in the market value of investments.