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Clearing
Securities transactions are processed through National Financial
Services LLC, one of the premier securities clearing firms
in the industry. National Financial Services LLC, is a a
Fidelity Investments company. National Financial Services
maintains nearly 4 million customer accounts with over $400
billion in customer assets and carries out 115,000 commissionable
trades a day for its 250+ correspondent broker/dealer clients.
Both J.P. Turner & Company and National Financial Services
are members of SIPC. Securities in customer accounts are
protected by SIPC up to $500,000 (including cash claims
limited to $100,000). NFS has arranged for additional insurance
protection for cash and securities to supplement its SIPC
coverage. This additional protection covers total account
net equity in excess of the $500,000/$100,000 coverage provided
by SIPC. Neither coverage protects against a decline in
the market value of securities.
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Securities
offered through J.P. Turner & Company, L.L.C.
(Member SIPC) |
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