Cash at Stockbroker

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investor1

Guest
I am worried about money I have invested with an Irish stockbroker. Is my money covered under the government guarantee scheme? The broker in question is no longer owned by a bank so does this mean my money is at risk?
 
number of stock holdings some cash and an equity fund holding
 
you can hardly expect the government to guarantee your 'stock holdings'. When you buy shares, you take on the risk that they might flop for the risk that they might soar.

Likewise the 'equity holding'

you are covered for 90% of the first €20K cash and stock if in nominee account.

Are your shares in your name or in nominee name?
 
If you are that worried then withdraw all your funds and switch to another broker. Not worth worrying about it, especially if it is a significant amount of funds.
 
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