Customer T-bills are held in custody in a segregated omnibus account for the benefit of Jiko's customers at BNY Mellon. Jiko customer assets are held under 15c3-3 customer protection rule in a segregated account and are fully paid for. A custodian ensures ownership of each security and keeps them safely segregated, without lending them out. Should Jiko Securities fail, Securities Investor Protection Corporation (SIPC) will proceed with liquidating customer assets and contacting account holders to arrange returning of funds. Brokerage balances below $500,000 are covered by SIPC insurance.
For further questions please contact our member support team via in-app chat or email at support@public.com
Disclosures:
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Free trading refers to $0 commissions for Open to the Public Investing, Inc Financial self-directed individual cash brokerage accounts that trade U.S. listed securities via mobile devices. Relevant SEC & FINRA fees may apply. Please see our Commission and Fee Schedule.
This is not an offer, solicitation of an offer or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Open to the Public Investing, Inc is not registered.
Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.
All U.S. Treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org. Banking services provided by Jiko Bank, a division of Mid-Central National Bank.
Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck, Jiko U.S. Treasuries Risk Disclosures and Jiko Securities Inc. Form CRS.