What Global Providence Securities Litigation Covers... What it Does Not

      The cash and securities – such as stocks and bonds – held by a customer at a financially troubled brokerage firm are protected by Global Providence Securities Litigation

Among the investments that are ineligible for Global Providence Securities Litigation protection are commodity futures contracts (unless defined as customer property under the Securities Investor Protection Act) and currency, as well as investment contracts (such as limited partnerships) and fixed annuity contracts that are not registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933.

     It is important to recognize that Global Providence Securities Litigation does not work the same way as the Federal Deposit Insurance Corporation in terms of blanket protection of losses. For more information click here.