Kensington Capital Corp. is a member of SIPC, which gives our clients
protecting the cash and securities of our client accounts.
- * Protection for securities and cash by the Securities Investor Protection Corporation (SIPC): Accounts of Kensingtoon Capital Corp. are insured by SIPC for securities and cash in the event of broker-dealer failure.
- * SIPC provides up to $500,000 of protection for brokerage accounts held in each separate capacity (e.g., joint tenant or sole owner), with a limit of $250,000 for claims of uninvested cash balances.
SIPC Coverage and Additional Account ProtectionKensington does not rely solely on SIPC Coverage and our clearing agent First Southwest has purchased additional "Excess SIPC Coverage" from a third party insurance carrier. This policy provides additional account coverage of up the accounts net equity for loss of securities and cash held at First Southwest. This "Excess SIPC Coverage" is in addition to the account protection provided by the Securities Investor Protection Corporation which is administered by (SIPC), and is subject to certain terms conditions and limitations of the third party insurance policy.
Both the SIPC Coverage and the additional account protection (provided through our clearing firm) provides protection in the event of a member firm failure and neither provide protection against loss of the market value of the securities and does not insure against market decline.
The additional account protection was purchased by First Southwest and they reserve the right to make changes in the additional securities coverage, including renewal or termination.
SIPC is a non-profit, membership corporation funded by broker-dealers that are members of SIPC. For more information about SIPC Coverage and answers to frequently asked questions (such as how SIPC Coverage works, what is protected, how to file a claim, etc.), please Click Here SIPC Coverage
For more details on our SIPC coverage Click here or please call 855-4-MY-Broker.