Securities Accounts (Apex)
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.
Aside from the protection under SIPC, Apex has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2.15 million.
Please note that both SIPC and "insurance above SIPC coverage" protect 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.
Futures & Cryptocurrency Accounts
Futures and cryptocurrency accounts are held separately from your securities account and do not fall under SIPC protection as they are not securities accounts. To learn more about the separation of your futures and crypto accounts, please click here.