Account Protection
Unlimited Account protection:
Customer accounts of PNC Investments are carried by Pershing LLC, a Bank of New York Securities Group Company. SIPC protection covers up to $500,000 in securities per account, with cash claims limited to $100,000. The remaining coverage is provided by Pershing through a commercial insurer. This coverage applies only to customer assets actually held at the Clearing Broker in customer accounts that are eligible for SIPC protection. Relevant provisions of the Securities Investor Protection Act (SIPA) govern SIPC and coverage in excess of SIPC. In particular, protection is reduced by the value of any customer indebtedness to the clearing broker (debit balance) or securities owed by the customer to the Clearing Broker. In addition, claims for losses due to poor advice given by representatives, failure to execute client instructions and most claims involving unauthorized trading are not components of a protected customer claim under SIPA or the excess of SIPC insurance policy. Neither SIPC nor the coverage in excess of SIPC protects against a decline in the market value of securities.
Please see www.sipc.org for more information on SIPC coverage.
Member FINRA, Member SIPC
Investment products offered or sold by PNC Investments, member of FINRA/SIPC: