How is my brokerage account insured?

Brokerage accounts at Redbridge Securities through the BBAE app are insured by the Securities Investor Protection Corporation (SIPC) for up to $500,000 in total including up to $250,000 in cash. This means that in the unlikely event that Redbridge Securities LLC, a SIPC member, fails financially, SIPC provides coverage of securities and cash in your accounts up to those limits. SIPC insurance protects you in case Redbridge Securities is unable to return assets from your accounts for reasons such as theft or loss. It does not protect against normal market losses in your investments or account balances.

SIPC insurance applies to most types of brokerage accounts offered including:

• Cash brokerage accounts - Covers up to $500,000 in total value including up to $250,000 in cash.
• Margin brokerage accounts - The same SIPC limits apply for margin accounts. SIPC does not insure amounts owed on margin loans which remain your liability.
• Joint brokerage accounts - Each account co-owner receives SIPC coverage for their portion of the account up to the standard maximums. For joint accounts with rights of survivorship, the surviving co-owner(s) receive coverage for the entire account balance after the first co-owner's passing.

SIPC does not cover investment losses or declines in account values. It also does not cover other accounts you may hold at external institutions.

Let us know if you have any other questions on how your brokerage funds and assets are insured. We aim to provide clarification on these types of account safeguard topics to give you confidence and peace of mind in using our brokerage services. Additional information is available on the SIPC website.