if i buy a mutual fund off etrade and they are insured by cipf what about mutual funds though?
Posted by admin
jordann2 asked:
in the cipf it says that if the brokerage is holding the mutual fund for the customer and they go bankrupt then I am insured, but if the mutual fund is being held by the issuer of the mutual fund themselves then its not property of the brokerage and there is no cipf insurance. So on etrade when u buy mutual funds do they hold it for u or are u deal directly with the issuer? ALso if you deal direct with issuer does that mean its more dangerous since there is no protection? thanks let me know any help appreciated
Question posted courtesy of: Bradley
in the cipf it says that if the brokerage is holding the mutual fund for the customer and they go bankrupt then I am insured, but if the mutual fund is being held by the issuer of the mutual fund themselves then its not property of the brokerage and there is no cipf insurance. So on etrade when u buy mutual funds do they hold it for u or are u deal directly with the issuer? ALso if you deal direct with issuer does that mean its more dangerous since there is no protection? thanks let me know any help appreciated
Question posted courtesy of: Bradley
