What happens to my mutual fund shares if the mutual fund company goes bankrupt?
September 11, 2009 by admin
Filed under Questions and Answers
AxelBoldt asked:
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?
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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?
Website content