If a wealthy person wanted to put 2 million dollars in 1 spot is it safe in a customer segregated account(ie: commodity account)?
How safe is cash in a customer segregated account if the amount is over the FDIC insured amount?
You'll be safe. Use sense though. A local bank, nothing new, risky online offering huge teaser rates or anything.
Reply:No, but the account could be insured at a slight premium through SIPC.
Reply:they would need multiple accounts
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