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steve2470 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 07:43 PM
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Rumors about Morgan Stanley, what do I do ?
http://www.cnbc.com/id/26763431

Morgan Stanley in Talks with Chinese Bank Citic

I'm not posting 4 paragraphs. Suffice it to say, right now this story is in the rumor stage. However, IF it is true, what should I do ? I have an account with them. I am clueless about the laws, etc. about brokerages. Thanks for your time in advance.

Steve
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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 07:47 PM
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1. If they merely are the holders of your brokerage account, then don't worry
They are merely "servicing" your account and it would be transferred to another brokerage of they went under. Your positions, etc. would remain the same.

If you own stock in Morgan Stanley itself, that's an entirely different matter.
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angstlessk Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 07:48 PM
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2. learn how to pronounce "yuan"?
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Nye Bevan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 07:48 PM
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3. You should be fine.
Read this:

http://www.kiplinger.com/columns/ask/archive/2008/q0721.htm
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steve2470 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 07:50 PM
Response to Reply #3
5. thank you for a great article ! nt
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Nye Bevan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 07:48 PM
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4. Dupe
Edited on Wed Sep-17-08 07:49 PM by MathGuy
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still_one Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 07:51 PM
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6. you are protected by the SIPC, however, if you are concerned
you could always transfer the account to another place
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