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Investing in motifs is completely new. In fact, there's never been anything like it. So we're sure you have questions.
Our clearing firm Apex has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $150 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $37.5 million, including cash of up to $900,000. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
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A story by Bloomberg earlier this week highlighted the struggle of many low- and moderate income workers to find – and hold onto – affordable housing in certain communities of Silicon Valley, a geographic area that seems to birth new millionaires with each passing IPO. And it’s certainly true, as Bloomberg points out, that rising ... See more