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What is LPL’s excess SIPC coverage and who is the carrier?

April 26, 2017coverage excess LPL sipc

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What is LPL’s excess SIPC coverage and who is the carrier?

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LPL has Excess SIPC protection from Lloyd’s of London. The firm coverage limits are $500 million in the aggregate and $99.5 million per customer. This coverage, referred to as “aggregate limit” insurance, is currently the only type of coverage available in the regular insurance marketplace. LPL Financial• Member FINRA/SIPC.