Asset Protection

Your assets are safeguarded at E*TRADE from Morgan Stanley

Federal Deposit Insurance Corporation (FDIC) Protection

Bank accounts with Morgan Stanley Private Bank, National Association and/or Morgan Stanley Bank, N.A. receive FDIC insurance coverage based on FDIC account ownership category as described on the FDIC’s website. For example:

  • Max-Rate Checking, Checking, and MSPBNA CD Accounts, are FDIC-insured up to $250,000 per depositor. Click here for more details.
  • Premium Savings Accounts are FDIC-insured up to $500,000 per depositor once certain conditions are satisfied. Click here for more details.

Cash in brokerage accounts is swept into one or more FDIC-insured depository institutions as part of the Bank Deposit Program and is FDIC insured up to $500,000 for individual and $1,000,000 for joint accounts once certain conditions are satisfied.1

The FDIC is an independent agency of the federal government that protects the funds that depositors place in banks and savings associations.

Learn more at www.fdic.gov.

FEDERAL DEPOSIT INSURANCE CORPORATION

Securities Investor Protection Corporation (SIPC)

Morgan Stanley Smith Barney LLC is a member of SIPC. SIPC protects customer accounts up to $500,000 (including $250,000 for cash only).

Morgan Stanley (ultimate parent) also maintains additional insurance with an aggregate firmwide cap of $1 billion for securities and a $1.9 million per client limit for uninvested cash. Morgan Stanley Smith Barney LLC clients are covered under the Morgan Stanley excess of SIPC supplemental insurance policy. Please be advised that you may obtain information about SIPC, including the SIPC brochure, by contacting SIPC at 202-371-8300 or by visiting www.SIPC.org.

This coverage does not protect against loss of the market value of securities.

SECURITIES INVESTOR PROTECTION CORPORATION

U.S. Securities and Exchange Commission (SEC) Customer Protection Rule

All fully paid customer securities in E*TRADE from Morgan Stanley brokerage accounts, including stocks and bonds, are 100% owned by the customer. These securities are required to be kept segregated from Morgan Stanley's own assets,2 and cannot be used by Morgan Stanley to satisfy its own obligations.