How are my investments protected?

What broker does Emma use?

Your stocks are held with Alpaca, our broker in the US. This allows you to buy and sell US stocks on Emma.

How are US brokers regulated?

Alpaca is a Financial Industry Regulatory Authority (FINRA) regulated broker.

FINRA is a corporation that acts as a self-regulatory organisation that regulates member brokerage firms and exchange markets in the US. It protects investors by making sure the broker-dealer industry operates fairly and honestly.

What if something happens to Emma?

If something were to happen to Emma, Emma invest users will be able to reach out to Alpaca directly and open their own Alpaca account.

Once opened, your shares will be moved from your Emma account to your Alpaca account. You can then trade freely or sell and withdraw.

What if something happens to Alpaca?

Your investments are protected by a US federally mandated, nonprofit organisation, the Securities Investor Protection Corporation (SIPC).

SIPC ensures that should anything happen to Emma or Alpaca, your investments can be transferred back to you and not touched by anyone who we or Alpaca may owe money to.

SIPC protection covers accounts up to $500,000 per client, as defined by SIPC rules. This makes SIPC coverage similar to the UK Financial Services Compensation Scheme (FSCS).

Updated on: 07/02/2025