Been checking the way corporates and clients (traders) are or are not covered in the event of a corporate trading disaster.
Public co. (eg Goldman Sachs) shareholders lose the money they invested in the shares. The traders who are employees lose their jobs.
Private Co Ltd (eg Kyte) shareholders take a bath, but limited liability. the traders lose the trading capital that was in their trading account.
Members Club ( e.g Traders Clearing Alliance). Members lose their shirts, but not limited to the funds in their accounts. Traders there could lose their houses too!
Public co. (eg Goldman Sachs) shareholders lose the money they invested in the shares. The traders who are employees lose their jobs.
Private Co Ltd (eg Kyte) shareholders take a bath, but limited liability. the traders lose the trading capital that was in their trading account.
Members Club ( e.g Traders Clearing Alliance). Members lose their shirts, but not limited to the funds in their accounts. Traders there could lose their houses too!