Account Protection Coverage

Account Protection Coverage

Davis Securities LLC, is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers and its members in the event of financial failure of the broker dealer up to $500,000 (including up to a maximum of $250,000 for cash claims).

Wedbush Securities, Inc. provides account protection for the net equity of your securities positions and cash in your account. Of that total, the Securities Investor Protection Corporation (SIPC) provides $500,000 of net equity protection, including $250,000 for claims for cash awaiting reinvestment (SIPC protection). Wedbush Securities, Inc. provides the additional protections (Excess SIPC) on terms similar to SIPC for account net equity in excess of $500,000 through a commercial insurer.

When using advisory services, check with your broker dealer to ensure they are a member of SIPC.

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.

For more information and a SIPC detailed brochure, please visit