Your cash and securities are held in a brokerage account in your name at Folio Investments, Inc.
Folio Investments, Inc. (“Folio Institutional”) is a registered clearing broker-dealer with the U.S. Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (“SIPC”). Folio Institutional, among other things, holds public and non-public/unlisted securities and cash on behalf of its customers.
For more information, click here. As the custodian, Folio safeguards the securities and cash in your account.