With this whole saga still unfolding, are our USA shares/stocks invested in broker say for ex: IB even safe ? who I go after if IB goes bust?
The ICF in hong kong only covers financial products traded on the HKEX, and Northbound securities traded through Shanghai and Shenzhen Stock Connect. For both securities trading and futures contracts trading, the maximum amount of compensation is HK$500,000 per investor per case.
what about my USA shares/ETF?Does SIPC USA covers me up to 250k cash and 500k stocks/etfs as a hong kong resident or SIPC insure only USA citizens? Or is even IB-HK insured by SIPC?
More on IB hong hong website ?