Series 7 - General Securities Representative Exam
If a customer has an account at a broker dealer with $500,000 in securities, and the broker-dealer goes bankrupt, the customer will receive
$250,000 in securitiesA
$500,000 in securitiesB
$250,000 in cashC
$375,000 total - 250K in cash and 125K in securitiesD
The customer has 500K worth of securities. SIPC covers up to $250,000 in cash and $500,000 in securities. This customer would be covered for $500,000 in securities.