SIPC provides a safety net for clients whose assets are held by Interactive Brokers, with protection up to $500,000 in net equity, and up to $250,000 in cash, per account held.
The Securities Investor Protection Corporation is a federally mandated, United States corporation created under the Securities Investor Protection Act of 1970, designed to protect customers of brokers or dealers from loss in case of financial failure. NUKU accounts are held by Interactive Brokers LLC., a FINRA-registered broker-dealers that is subject to the Securities Investor Protection Act and is a member of the Securities Investor Protection Corporation (SIPC). In addition to SIPC coverage, NUKU accounts also benefit from an excess SIPC policy at both firms up to an aggregate of $150 million.