Broker Bankrupt

Ankit Agarwalla (CA) (281 Points)

04 December 2010  


In case the broker holding the shares of investor goes bankrupt?


I have a trading account with some broker & a saving account (which is linked to the trading account) with bank. Suppose the broker goes bankrupt. But the bank is financially stable. then what happens to the shares I have bought? Would I lose my investment?