SECURITIES INVESTOR PROTECTION CORPORATION (SIPC)
Dominick & Dominick LLC, which was founded in 1870, is a member of the Financial Industry Regulatory Authority (FINRA). See www.finra.org for more information about FINRA.
Dominick & Dominick LLC is a member of SIPC, which provides $500,000 of net equity protection (including $250,000 for claims for cash awaiting reinvestment). See www.sipc.org for more information about SIPC. Net equity refers to the value of client's securities plus cash minus anything that may be owed, such as a margin loan.
Dominick & Dominick LLC's clearing firm, Pershing LLC, provides additional protection (excess SIPC) through its policy with Lloyd's of London for assets held in custody with Pershing up to an aggregate limit of $1 billion, of which $1.9 million may cover cash awaiting reinvestment at the individual account level. For more information about Lloyd's of London, please visit their website at www.lloyds.com.
Account protection applies when a SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments and does not cover all assets.
If you have any questions, your Dominick & Dominick Financial Advisor will be happy to answer them.