How eOption Protects Your Account
Your eOption account is protected by the Securities Investor Protection Corporation.
eOption is a division of Regal Securities, Inc., a member of the Securities Investor Protection Corporation (SIPC). Your account assets are covered by the SIPC, which protects customers of its members up to $500,000, with a limitation of $250,000 on claims for cash balances. Additionally, our clearing firm, Hilltop Securities, Inc. “HTS” has purchased Excess SIPC Insurance which covers the net equity of customers’ accounts up to an aggregate of $150 million from underwriting syndicate at Lloyd’s of London.
The customer securities component, which restricts coverage with respect of any one customer, is a maximum of $25,000,000 with the aggregate coverage of cash set at $900,000. SIPC and Excess SIPC covers accounts of the member firm in the event of a member’s bankruptcy and insolvency. Coverage does not apply to losses due to market fluctuation or any decline in market value of your securities. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org.
Steps You Can Take
While we take numerous steps to help protect the security of your account, there are steps that you, the customer, can take to protect your account as well. To help protect your personal identity and prevent your personal information from being disseminated to unauthorized individuals, always remember to remain vigilant by keeping your personal and financial information secure, and be aware of “Phishing” and fraudulent emails and suspicious websites.
UNSECURE COMPUTERS AND WIRELESS NETWORKS
Unsecured wireless networks pose a significant risk to computing assets and information. In general, unsecured wireless networks should be avoided and should never be used as a primary networking resource.
Additionally, the following brochures describe the critical steps you can take to safeguard your financial accounts and help prevent identity theft.
Please read “Keeping Your Account Secure – Tips for Protecting Your Financial Information” provided by the Securities Industry and Financial Marketing Association (SIFMA) and the Financial Industry Regulatory Authority (FINRA).
For more ways to keep your account safe, click "How You Can Protect Your Account" below.