re: FIDELITY  Acct. Protection- ifyou are a client probably good to call & get info- not clear cut . I was surprised to learn what the default modes are for my various acct. categories & how limited some of the coverage is. There are ways to get more coverage, but they must be requested & set up.

A key fundamental to grasp  is that SPIC covverage  refers to ALL accts. under one social security #- 500K total cocereage-- 250K cash limit.   FDIC-- is 250K coverage per bank-- so you could have a cash management sweep program within each account that is swept each night into 4-5 different banks-- and get much more coverage than SIPC.

Regular brokerage accts with Fidelity have F cash-- which is money market fund as a core default.  IF fidelity were to break the buck-- you'd get less that a 1 to 1 ratio a la Lehman's.  However- you can open a new acct. & get an FDIC sweep- & money can go to 4-5 banks in that sweep-- with 250K coverage each.

IRAS/ROTHS-- have default SPIC coverage-- which is 500K coverage- 250 K in cash coverage limit and THAT IS FOR ALL YOUR ACCTS. But as I understand it you can also impelment an FDIC sweep cash mangement program for this.

Anyway- just a heads up on this. Now I'm going to call re: my Schwab accts. Good to know in any event.

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