Unlike FDIC insurance for banks, SIPC does not protect against loss of principal due to movements in the market value of your securities. However, your investment is insured up to $500,000 per account type against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. Your account is insured through our trusted broker/custodian, Apex Clearing Corporation, a member of the Security Investor Protection Corporation. For details, please see www.sipc.org.