autodidact
Registered User
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- 10
I own various shares held for me by my stockbroker. They are held for me through Crest in a separately designated account, presumably in the name of the broker's nominee company.
I have no reason to to believe that my assets are currently at risk in any way, or that my broker is anything other than a well-managed and financialy sound institution, but in the times we live in I would like to understand to what extent I may be exposed to risk in the event of an extreme and unforeseen development.
How safe is this arrangement in the event that the firm fails? I note that the maximum cover provided by the investor protection scheme is only €20,000 and my shares are worth much more.
I have no reason to to believe that my assets are currently at risk in any way, or that my broker is anything other than a well-managed and financialy sound institution, but in the times we live in I would like to understand to what extent I may be exposed to risk in the event of an extreme and unforeseen development.
How safe is this arrangement in the event that the firm fails? I note that the maximum cover provided by the investor protection scheme is only €20,000 and my shares are worth much more.