It seems the money in the cash account is SIPC insured, not the money in stocks. What kind of nightmare one will have to go through to get use of the stocks he owns if Etrade gors bankrupt ? I had the displeasure to see my account frozen after they received the first deposit and it wasn't fun. Quite a few scary stories on the net regarding Etrade frozen accounts, so i suspect it would be much worse if they went bust.
Anyone has an idea on how etrade customers, particulary overseas ones, could proceed to get back control of the stocks they own , which would probably have to be delinked from the Etrade bank account ?