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GIC bought as a Security - Insured??
March 20, 2013
2:52 pm
Forum Posts: 1232
Member Since:
December 23, 2011
sp_UserOfflineSmall Offline

If I was to buy a GIC from my adviser that represents Edward Jones. He can sell me a GIC from Coast Capital as a security. This means that it is bought on my behalf and not in my name.

Is the GIC a different class
Is the GIC still insured by the Credit Union Deposit Insurance Corporation (CUDIC)

Regards Peter

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