What happens if you're brokerage account gets hacked? Will

>>1997751

that is a good question.

if the trade is completed, no. you would have to find the hacker and sue him

but usually most broker accounts have an additional security authorization, like a one-time mobile pin needed for every transaction, which makes it impossible to do stuff with your account, unless they steal your login info and mobile phone

>>1997751
If someone steals from you, you can sue them. But if they've stolen the stocks and sold them to someone else, then you're pretty fucked in terms of getting those back. Unfortunately there's no FDIC type system for securities, even though cybercrime has cost investors billions of dollars.

>>1998020
So your life savings can get wiped just like that?

Something seems incorrect here.

>>1998029
sipc covers you only if the brokerage firm itself goes down under

Fidelity has a customer protection guarantee