The trustees inform you that your brokerage company has gone bankrupt. The CIPF insures your trading account up to ______ for losses of cash and securities.
A) $1,000,000
B) $100,000
C) $200,000
D) $500,000
E) $10,000

Question

Quizplus · Accepted Answer

The Canadian Investor Protection Fund (CIPF) insures trading accounts up to $1,000,000 for losses of cash and securities, providing a safety net for investors if their brokerage firm goes bankrupt.

The Trustees Inform You That Your Brokerage Company Has Gone