Where did you get the "So no coverage against, i.e. fire, flood, robbery or embe... | Hacker News

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		Someone1234 on Dec 13, 2018 \| parent \| context \| favorite \| on: Robinhood launches 3% checking account Where did you get the "So no coverage against, i.e. fire, flood, robbery or embezzlement" claim from? It isn't in [1] or [2] and contradicts this: https://www.fool.com/investing/brokerage/2014/05/11/what-sip...

intopieces on Dec 14, 2018 [–]

From your link:

>SIPC does not protect customer funds placed with a broker-dealer just to earn interest.

In this case, doesn't that mean the people who just use Robinhood has a checking / savings account aren't covered?

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