Online Discount Broker, SogoTrade, Offers Account Holders Up to $5,000,000 Excess SIPC Coverage
New York – July 7, 2008—SogoTrade, the deep discount online brokerage and home of the $3.00 online trade, has announced the purchase of excess SIPC insurance coverage to provide clients a higher level of account protection. The additional protection, subject to a firm aggregate limit of $25,000,000 will afford each SogoTrade account holder up to a total of $5,000,000 in securities protection including up to $1,000,000 in coverage for cash. The above coverage does not protect against loss of market value of securities.
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