tastyworks is a member of the Securities Investor Protection Corporation ("SIPC"). Therefore, funds are available to meet customer claims up to $500,000, which includes a maximum of $250,000 for cash claims. Apex Clearing (tastyworks' Clearing Firm) has arranged for additional coverage above the standard SIPC limits. This supplemental coverage provides protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer's securities and $900,000 for any one customer's cash. This "insurance above SIPC coverage" protection is supplemental to the coverage provided by the Securities and Investor Protection Act, which is administered by SIPC and is subject to certain conditions and limitations, details of which are available upon request.
Please note that both SIPC and "insurance above SIPC coverage" provide protection against the loss of securities and cash due to the insolvency of a brokerage firm, not against trading losses or fluctuation/ depreciation in the market value of customer securities.
For additional information on SIPC coverage, including a brochure upon request, please contact SIPC at email@example.com or visit the SIPC website at www.sipc.org.