Finance, Forex and Investments

What happens to my mutual funds if my broker goes bankrupt?

There are several banks out thre which also offer brokerage services. some of the banks may declare bankruptcy due to the credit crisis. I have mutual funds in one of those banks. The funds are holdings of all kinds of stock so I would assume they continue to exist. Or am I wrong? Please advise.

Public Comments

1. You're covered by insurance up to x amount, usually 100 Grand, although they usually cover all your money exceeding that amount.