The Fed has taken massive emergency measures not seen since the Great Recession, which we address here. Chair Jerome Powell deserves credit for aggressively providing liquidity to lenders and our financial system swiftly.
The Electronic Fund Transfer Act, also known as Regulation E, protects consumers when using electronic means to manage their finances. Electronic payments often take the place of traditional paper checks.
SIPC provides coverage for investment assets held in a brokerage, limited to the custody function. Coverage is up to $500,000 for all investment accounts at the same institution, including a maximum of $250,000 held in cash.
SIPC Provides More Limited Safekeeping For Investors