SIPC Coverage and Account Protection
Fennel Financials LLC is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.
Fennel’s clearing firm Apex Clearing Corp provides the following additional insurance. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. As with SIPC protection, this additional insurance does not protect against a loss in the market value of securities.