Let me continue my discussion on the selection of brokers. One recent incident illustrated that while the cost is very important in the selection of brokers, we can never omit the quality of the service provided. Just FYI, although this is not required by the SEC or Fed (unlike that of checking/FDIC or credit card), but the following brokers do offer some sort of fraud protection for brokerage accounts:
- Fidelity
- Ameritrade
- Etrade
- Schwab
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