Question : What happens to my mutual fund shares if the mutual fund company goes bankrupt?
I have my money invested in several mutual funds with a large mutual fund company. What happens if said mutual fund company goes bankrupt, maybe after fraud or an accounting scandal? Is my money insured in any way, or is it gone?
- asked by AxelBoldt
All Answers:
Answer #1
It's like stock. You're toast.
- answered by Bill
Answer #2
you lose it.
- answered by Simon
Answer #3
you will have money after settling to all likeworkers,banks etc....most probably ur theloser....
- answered by sathish
Answer #4
is very hard let a mutual fund company bankrupt,unless there more than 60% unsuccessfulinvestment.have you read the policy?it should bein there. my mutual fund is not responsible thelost.if a mutual fund is bankrupt, you lost whatyou invest in. i believe there is nothing gettingback!!!
- answered by chamberportal
Answer #5
http://www.sec.gov/answers/sipc.htm
- answered by jeff410
Answer #6
that's why they sayit's subjected to marketrisks...read the offer doc carefully....invest inppf man..
- answered by antoants
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measure and fulfill your financial needs
