Investments are offered through the Brickell Bank’s wholly owned subsidiary: Brickell Global Markets, Inc. Brickell Global Markets, Inc. is a member of SIPC.
The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. According to the Securities Investor Protection Corporation, “SIPC protection is limited. SIPC only protects the custody function of the broker dealer, which means that SIPC works to restore to customers their securities and cash that are in their accounts when the brokerage firm liquidation begins. SIPC does not protect against the decline in value of your securities. SIPC does not protect individuals who are sold worthless stocks and other securities. SIPC does not protect claims against a broker for bad investment advice, or for recommending inappropriate investments.