Account Protection
J.P. Morgan Securities LLC, Member FINRA/SIPC, is an introducing broker-dealer and provides account protection through its clearing arrangement with Pershing LLC. Established in 1939, Pershing LLC is a wholly owned subsidiary of BNY Mellon — one of the world’s largest global custodians. Pershing custody provides account coverage, review, and segregation and control of assets.
Client assets are covered by the Securities Investor Protection Corporation (SIPC):1
• $500,000 of coverage, including $250,000 for claims for cash awaiting reinvestment
Pershing provides additional client account coverage through Lloyd’s and other commercial insurers for Pershing LLC’s global client assets:
• An aggregate loss limit of $1 billion for eligible securities over all client accounts
• A per-client loss limit of $1.9 million for cash awaiting reinvestment — within the aggregate loss limit of $1 billion
For more information on Pershing’s financial strength, visit www.pershing.com/about/strength-and-stability.
1The account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from market fluctuation.