RE: FTSE 100 down 2 38%2 Aug 2019 21:07
Nuri get the doomsday scenario out of your mind. There are procedures to safeguard such situations. I would not begin to advise you except to sleep on it and you will benefit from a nights rest. I did look online and there is a host of info but other than setting your mind at rest maybe not ideal to research too much tonight. Here is a short example :-
brokerage firms are under a watchful eye as to the commingling of investor's funds with the firm's money. In other words, firms are required to segregate client assets from firm assets. Accessing the money in client accounts would be committing fraud. This means, in most cases, that your money should be fine.
Still, what if your firm commits fraud? To tackle that, regulators have added a layer of protection because some firms have been less than forthright.