Is there any insurance for my SoFi Wealth account?

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Comments

  • Sharad RSharad R Member

    " The insurance covers losses if either SoFi Securities or its clearing firm, Apex Clearing, were to fail."
    Could you expand a little on that, as to what exactly does it mean if either one of them fail? I understand that market losses on the investment cannot be held accountable, but what exactly would be considered as a failure on SoFi Securities or Apex Clearings behalf?

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